From TechDirt:
This is wrong on so many levels it's hard to know where to begin. Google doesn't devalue things it touches. It increases their value by making them easier to find and access. Google increases your audience as a content creator, which is the most important asset you have. It takes a special kind of cluelessness to claim that something that increases your biggest asset "devalues" your business. Thomson's mistake seems to be that he's confusing "price" and "value" which is a bit scary for the managing editor of a business publication. Yes, the widespread availability of news may push down the price (that's just supply and demand), but it doesn't decrease the value at all. It opens up more opportunities to capture that value.
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Orac beats me to commenting on today's depressing
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A while back, I linked to a paper analogically comparing money to drugs.
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