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Media centralizes. This is fundamental. There are zero marginal costs, so media providers are incentivized to spend huge amounts of money to create the most co
by toasterlovin 8y ago
Media centralizes. This is fundamental.
There are zero marginal costs, so media providers are incentivized to spend huge amounts of money to create the most compelling content so that they can dominate the contest for attention. This creates a system with winner take all dynamics. Then, once you have won, you are incentivized to spend your winning to ensure that you continue winning. One of the ways you do this is by buying smaller competitors. Hence centralization is fundamental.
- Synaesthesia 8y agoOnly when there’s a profit motive - which admittedly most do, although some are principled and independent.
- golemotron 8y agoIt's not just profit motive. Popularity Effects centralize systems too.
- ihm 8y agoBan media organizations larger than some size (or some better proxy). Nothing is fundamental when you can control the rules.
- Wohlf 8y agoCompanies like Sinclair would probably love that, they can more easily control lots of small, key media companies.