The latest from Nassim Nicholas Taleb
He also has some very on point things to say about the media's agency problems.
One way journalism will self destruct [from its divergence away from the public] is illustrated by the Gawker story. A voyeurism outfit realized that there are tort laws in the U.S. protecting private citizens. America has tort laws and a legal mechanism by which people harmed by corporations can be compensated for it –a mechanism that flourished thanks to Ralph Nader. It, along with the First Amendment, protect citizens by putting skin in the game of the corporations. So eventually Gawker which bullied its financially weaker victims (often twenty-one-year old in revenge porn scenes) got bullied by someone richer and went bankrupt.
What was quite revealing is that journalists sided with Gawker on grounds of “freedom of information”, the most misplaced exploitation of that concept, rather than with the public who sided, naturally, with the victim. Nobody is a saint, nobody wants his or her sexual scenes or private information to spread without some type of punishment; nobody likes the industrialization of voyeurism.