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Gotta say that the successive waves of layoffs across American journalism just as the next US election may ultimately lead to a dictatorship is not especially encouraging for the future of that country.
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Am I dumb, or does this statement make no sense in the context of laying off 20% of the actual journalists? "..focus on strengthening the outlet's journalism.." <-- I guess the implication, in a statement by the owner (a doctor & biotech billionaire), is that the laid-off workers were dead weight.
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It appears capitalism is getting comfortable with the consequences of the press disappearing.