When the multi-talented Charles Johnson and Roger Simon announced the successful first round of financing for an advertising coalition of bloggers, originally known as “Open Source Media” back in November of 2005, there was a veritable explosion of negative emotion on the Blogosphere.

Several notorious contrarians deplored what they perceived as “fencing in the open range.” The institutionalization and amalgamation of blogging under a commercial entity, they argued, would stifle creativity and surrender the freedom of individual self expression to crass commercialism.

Others, like Dennis the Peasant (who claimed he had collaborated with Roger Simon in coming up with the big idea, and been later jilted) were pea green with envy, as visions of bloggers a few years down the road cashing in PJM stock worth untold millions and tooling down the highways in shiny new Ferraris danced through everyone’s head.

One particularly hostile blogger set up a PJM Death Pool, gleefully predicting the imminent breakup and demise of the new project, and inviting critics to place their bets and pick a date. The Death Pool’s last posting occurred in May of 2006, and the betting pool raised a whopping $18.

After all of 2005-2006’s storm and fury, it was a bit disappointing to learn last night that Roger Simon had announced the dissolution of the PJM advertising network and the termination of payments to member bloggers as of April 1, 2009. Simon stated that the proprietors intend to re-direct the PJM project toward television programming production.

Pity. The recession obviously was the final nail in PJM’s coffin, but it seems clear in retrospect that blog readership didn’t really continue growing rapidly to the sky, blogging didn’t actually replace print and electronic journalism, and nobody has succeeded in developing a terribly lucrative advertising model for blog sites.

All PJM seems to have achieved, in retrospect was to divert the talents and energies of Charles Johnson, and some of his very talented editors, away from blogging to the pursuit of a chimera. But, who knows? perhaps the lessons learned in this first experiment in a blogging business model will, in the end, make possible the development of the ship which actually sails.

The editor of Never Yet Melted extends his condolences on the unhappy result of so much effort, and best wishes for future prosperity and success (new red ferraris for all!), to the management, editors, and individual PJM bloggers.

So completely marginalized are conservatives at Yale today that the sympathetic liberal Judy Wang regards them as a flamboyant and threatened rarity in need of their own wildlife refuge and support group.

Peter Berkowitz, in the Wall Street Journal, identifies the source of the irrational immoderation and limitless self-righteousness of today’s community of fashion as our Gramscian-hijacked educational system.

Some will speculate that the outbreak of hatred and euphoria in our politics is the result of the transformation of left-liberalism into a religion, its promulgation as dogma by our universities, and students’ absorption of their professors’ lesson of immoderation. This is unfair to religion.

At least it’s unfair to those forms of biblical faith that teach that God’s ways are hidden and mysterious, that all human beings are both deserving of respect and inherently flawed, and that it is idolatry to invest things of this world — certainly the goods that can be achieved through politics — with absolute value. Through these teachings, biblical faith encourages skepticism about grand claims to moral and political authority and an appreciation of the limits of one’s knowledge, both of which well serve liberal democracy.

In contrast, by assembling and maintaining faculties that think alike about politics and think alike that the university curriculum must instill correct political opinions, our universities cultivate intellectual conformity and discourage the exercise of reason in public life. It is not that our universities invest the fundamental principles of liberalism with religious meaning — after all the Declaration of Independence identifies a religious root of our freedom and equality. Rather, they infuse a certain progressive interpretation of our freedom and equality with sacred significance, zealously requiring not only outward obedience to its policy dictates but inner persuasion of the heart and mind. This transforms dissenters into apostates or heretics, and leaders into redeemers.