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I'm not sure that newspapers have ever been perfectly competitive. Even in my midwest, midsized city, there has really only been one or two newspapers that achi
by d_e_solomon 6y ago
I'm not sure that newspapers have ever been perfectly competitive. Even in my midwest, midsized city, there has really only been one or two newspapers that achieve enough circulation.
Similarly, major television media has always locked out socialist and communist points of view in the United States.
This idea that only Google suddenly has a point of view in their editing what they allow on the platform seems really strange to me.
- hnracer 6y agoI agree they're not perfectly competitive but they come close (which was my claim). I view them similarly to the soft drinks market, you have moats due to brand such as Coca Cola, but vigorous competition with a heterogeneity of choices for the consumer. If I'm a socialist I can read Jacobin and if I'm very right wing I can read OANN, no matter my perspective I can find print media to suit. TV networks aren't a good comparison to newspapers/print media since they have very high fixed costs and as a result will only cater to markets that represent a sizeable proportion of the populace.