How the Digital Revolution Upended Journalism - Charles Whitaker, Hayek Lecture Series

Explore the profound impact of the digital revolution on journalism and democracy in this 48-minute lecture by Charles Whitaker, part of the Hayek Lecture Series at Duke University. Delve into the democratization of content production and dissemination, examining both its positive and negative consequences on society. Analyze how the digital age has inflamed tribal passions, created echo chambers, and contributed to the decline of local and regional news outlets. Trace the arc of the digital maelstrom and its socio-political ramifications, while considering potential ways forward. Gain insights into the changing landscape of media, the challenges facing modern journalism, and the implications for maintaining a healthy democracy in the digital age.

Intro
Journalism is dying
What is journalism
The mission of journalism
The View
Is Everyone a Journalist
The Problem
What Do We Lose
Has It Disappeared
What We Lose
The Record Industry
The Media Business Model
The Exposure Business Model
Early American Media
Legacy Media
Fake News
The Circular Knowledge Economy
Can media be saved
Conclusion