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That’s not a cartel, cartels by definition have pricing power. That example is like saying people who collaborate on a github repo have pricing power. Finally
by intended 7y ago
That’s not a cartel, cartels by definition have pricing power.
That example is like saying people who collaborate on a github repo have pricing power.
Finally - the main advantage of newspapers was being able to keep reporters paid and independent.
Today, all news is victim of the news cycle effect and if you aren’t buzzfeed you are either the winner of the network effect or dead.
The network effect was recognized as bad for society as a whole, but the internet has made information gathering subservient to ad clicks.
If this version of the information hunter gatherer society, where people must venture onto the net and hope they aren’t going to eat compromised information, is appealing then sure, let’s lay the blame on the medium.