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Over at BoingBoing, Clay Shirky engages in a bit of self-congratulatory schadenfreude for predicting the collapse of the newspaper business model back in 1993. And no doubt: He was prescient. But like a lot of folks (many of them named Jeff Jarvis) who write these posts, there's an odd lament laced through the triumphalism: If only they'd listened. As Shirky says, "we said so, over and over again, all the time. We said it in public, we said it in private. We said it when newspapers hired us as designers, we said it when we were brought in as consultants, we said it for free. We were some tiresome motherfuckers with all our talk about the end of news on paper. And you know what? The people who made their living from printing the news listened, and then decided not to believe us."What's never quite explained is what would have happened had everyone treated lay Shirky's utterances like aural treasure. Because I believe in Shirky's original analysis. "The price of information has not only gone into free fall in the last few years, it is still in free fall now, it will continue to fall long before it hits bottom, and when it does whole categories of currently lucrative businesses will be either transfigured unrecognizably or completely wiped out, and there is nothing anyone can do about it," he wrote. And he was right then. There was nothing anyone could do about it. More content aggregation and web chats and transparency would not have altered the fundamental force ripping apart the industry. Newspapers were built on local advertising monopolies. The internet deprived them of those monopolies. Less important than an individual's ability to access the BBC's news feed was his ability to access Craigslist's classifieds. In the internet age, midsize newspapers are an inefficiency. And they are being eliminated.Jarvis had no answer for this, and nor, so far as I know, does Shirky. More prescient managers might have made for better news products but not sufficient revenue models. Most of the commentary on dying newspapers has been about making their news product better. But the salable product of newspapers was not news. It was local advertising and classifieds. Classifieds are now free and online advertising is a weak revenue stream. Meanwhile, the internet gives individuals have access to more news, not less. Much is lost amidst this, particularly in terms of local coverage. Which is why, aside from journalists losing their jobs, few are actually upset over the changes roiling the industry. Which is why, as Shirky presciently said in 1993, "there is nothing anyone can do about it." Image used under a CC license from Inju.