On the Death of Industries

Though I usually hate blockquote heavy posts, this snippet is too precious to pass by. WIRED wrote a terrific piece about how the market’s “Crash Could Free Up Wall Street’s Grip on Bright Young Minds.” Though it focuses on Wall Street, the piece manages to highlight the “transformation”occurring in journalism now:

No one likes to see an industry die, but there is an upside: Often, smart cubicle refugees will seize the opportunity to pursue their entrepreneurial dreams, unleashing waves of innovation upon society. The death of Big Steel in the 1980s gave birth to nimbler, more competitive mini-mills. The decline of the Hollywood studio system in the ’60s gave us independent films. And the current demise of print media is giving us new sources of information, as journalists band together to reinvent news coverage.