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This is free market capitalism that Rupert Murdoch's company Fox News promotes. Google News fundamentally improved the online content publication system by mak
by thetruthseeker1 9y ago
This is free market capitalism that Rupert Murdoch's company Fox News promotes.
Google News fundamentally improved the online content publication system by making it cheaper to its consumers.
Earlier, there were too many news companies whose content didn't necessarily have an edge over some other news agency's and they charged money (which worked in an age where no internet existed), and google has fundamentally squeezed some of them including WSJ.
If the differentiating quality was present, more people might have been willing to pay for WSJ.
When Harrison Ford made cars, lots of businesses who built business around the inefficient means of transport (i.e the horse) like providing fodder for horses, and blacksmiths who were building horse shoes or the ones building horse carts got squeezed.
Same here. Internet and google has removed an inefficiency in the news system. They need to adapt and provide a differentiating quality, else they will perish - The principle of free market capitalism.
If WSJ needs google to behave a certain way so that it can make more money, that is not free market capitalism.
- cheez 9y agoI think you meant Henry Ford
- deleted 9y ago[deleted]
- thetruthseeker1 9y agoYes, thank you!