After years of Micawberism, many newspaper publishers now accept that no amount of cost-cutting and laying off of journalists can keep up with plummeting revenues.

多年来的米考伯式的乐观主义已然不见踪影，众多的报纸发行商终于相信，再怎么压缩成本，裁减员工，都赶不上收益急剧下降的速度。

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Micawberism has been replaced by a realisation that Australians, like everyone else, have to be resilient, competitive and ready to take charge of their own destinies.

ECONOMIST: No worries? | The