[lbo-talk] request for WSJ article

[Jerry Monaco]

On 6/25/06, Doug Henwood <dhenwood at panix.com> wrote:
>
> Several times a week the front page contains
> a great piece that a left periodical should have done. But their
> reporters have a lot of resources to work with - they're allowed a
> long time to work on those pieces, and you get lots of access when
> you say you're calling from the WSJ. ...
>
> I'd be really surprised if the WSJ survives in anything like its
> present form for even 5 years. It's just not cost-effective.
>

Doug,

Don't you think "the people who matter" (the ruling class in general
and their elite servants, major investors, finance capital, etc) need
something like the WSJ in order to keep "balance" (maintain the status
quo, get feedback that is not simply NYT propaganda or corporate
publicity?  If the newspaper model is not cost effective who will take
up the slack and serve this function of transferring "necessary
information" that is realistically beyond the necessary illusions?  I
know you don't read tea-leaves but I was wondering if you had any
thoughts on what seems to me to be the necessary function of the WSJ
and similar papers like the Financial Times, etc.

Jerry