I HAVE no doubt that if government could foresee the effect of the interweb, it would have been strangled at birth. The Observer, Sunday mouthpiece of the liberal Establishment, is going broke. George Pitcher marks the happy occasion by making a prat of himself:
I worked for The Observer for five years and agree with my former editor, Donald Trelford, on Newsnight last night that our oldest Sunday newspaper should be saved for the nation.
But I’m struck with its similarities with Northern Rock. A fine old institution brought to its knees by mounting debts and a crashing market for its services. The banks, of course, have been bailed out because of the threat their collapse would present to our economy. But, as Donald observes from his perspective in the Balearic Islands (how fortunate for him – PM), the loss of The Observer would threaten our political economy, leaving Sunday newspaper commentary largely to the right-wing.
The answer seems obvious: Nationalise The Observer.
What a bizarre piece this is. “You’re not buying a Left Wing newspaper so the state should confiscate your wealth and save it – for the nation.”
Good grief, The Observer is suffering “a crashing market” for its services because so few people want to buy it. To be honest, I didn’t know anyone ever bought it. How is this supposed to threaten the political economy? Is this man in charge of economic policy at the treasury?
This news just in pal – the floodgates have opened and the Fifth Column Estate is no longer the custodian of the news. It’s not just the Observer that’s on its uppers, you’re all going to be extinct.