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1. Yes, the decline of print news predates social media. Most blamed popular media like radio and television. Treating social media as the next iteration of TV
by specialist 6y ago
1. Yes, the decline of print news predates social media. Most blamed popular media like radio and television. Treating social media as the next iteration of TV would strengthen most criticisms.
2. Gross inequity is axiomatically anti-democratic.
3. The sole flaw in Stoller's anti-monopolistic advice, eg break up the titans, is that half-measures are insufficient.
Critics are not advocating either pro-competition or pro-consumer policies.
a. Prohibit all conflicts of interest, self-dealing. "Chinese walls" between business units are insufficient.
b. Prohibit aggregators from competing with their clients.
c. Normalize the rule of law, allowing plantiffs to appeal to a fair and impartial judiciary to resolve dispute and grievances.
d. Regulatory oversight and enforcement, with real teeth. Impose mandatory punishments onerous enough to alarm activist investors.