When I was young, I was a bit of a amateur Sovietologist. This was in the day that we were tirelessly told but the apologists of the Soviet Union that all our concerns about the Soviet Union were wrong. Were told the Soviet Union was morally superior to the Imperialist US in every way and that any conflict between Soviet interests were the fault of the US. In the meantime, if you looked closely, the Soviet Union was a massive clusterf**k waiting to implode. The biggest concern that many of us had was that the gullible here in the US and Europe would convince the USSR that it could take the rest of the world down with it when the end came.
Imagine if you are huge media conglomerate, say the one based in Australia, New Corp. You can see you revenue sources drying up from some of your media outlets due to the internet and you are at your wits end to change the trend. Lucky for you, you purchased the most respected business media outlet in the world and It’s fairly easy for you to weaponize that advantage so long a s you don’t really care about your outlet’s credibility. Apparently New Corp. is willing to sacrifice the Wall St Journal’s credibility on the altar of having to keep a dying business model on life support.
Why is manufacturing important? I wish that I didn’t have to point this out, but apparently many people don’t really understand the difference between service work and work that actually adds real value in goods. The problem is that services just push money around without actually producing any real assets.
I ran into this recently. It’s an article that referencing the effect of unemployment on mental health. This post might seem whiny though I’m going to try to make it as nonpersonal as possible . On the other hand I’ve been through the despair that comes with unemployment enough times to understand what’s going on and maybe what can be done to overcome it. though it doesn’t work every time.