Says Bob Wright, stroking his beard in thought, in a discussion with John B. Judis, who just left The New Republic in what he calls "solidarity" with the old editorial leadership just ousted by new management.
In that clip, Wright and Judis are discussing what it takes for a magazine to exert forceful political influence these days. The Weekly Standard does it, Judis says, and Wright thinks The Weekly Standard gets its money from Rupert Murdoch. "No more," says Judis, who suppresses a yawn and a little smile as he says "That's not an area that I." He can't be bothered completing the sentence!
Money is not something that takes up space in his big brain.
Wright jumps in with the summary of what is supposedly Judis's view: "If you want to have influence you have to be willing to lose money." And let me paraphrase the paraphrase: Judis thinks that Chris Hughes, the Facebook billionaire who bought TNR, ought to have used his money to keep it afloat. Judis feels betrayed that Hughes conceives of his acquisition of the magazine as an investment to be made
profitable. It's
political influence that he should want for his money, Judis seems to think, and that's what Hughes should understand himself to have bought.
Consider the vanity and entitlement in the TNR writers who bailed out when they learned that Hughes saw their magazine as a business subject to the workings of the marketplace. Do these writers think they are, essentially, a charity, deserving of the billionaire's support? Do they want to be underwritten as they expound liberal policy, their vision for America? They will tell us what's good for us, but
they feel entitled to freedom from the economic reality of market forces. It makes them yawn and smirk. It's so boring! Didn't this young whippersnapper Hughes know that the TNR writers would make wonderful mouthpieces for the political influence he must surely seek?
They would come up with the policies and positions that he could pay to have expressed in the prestigious old journal he bought. For example, they could write
articles denouncing the nefarious influence of "dark money" in politics.
How dare rich people have such influence...
unless they want to buy a magazine and pay me a salary to say how dare rich people have such influence....