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Once I realized that The NY Times represents the establishment class, their writings suddenly made sense to me. Heck, they own a skyscraper in one of the most e
by ceilingcorner 6y ago
Once I realized that The NY Times represents the establishment class, their writings suddenly made sense to me. Heck, they own a skyscraper in one of the most expensive cities in the world. How could they not be the establishment?
Established entities always prefer regulations, as it makes it harder for new competitors to join the market.
- 2OEH8eoCRo0 6y agoYearly revenue is under $2bn though. I'd like to see more print media do well- the NYT still needs competition. Everyone cries about ads and tracking. Put your money where your mouth is and buy print from a source that you enjoy.
- psychiatrist24 6y agoAny suggestions?
- 2OEH8eoCRo0 6y agoI enjoy NYT and New Yorker.
- totalZero 6y ago> Established entities always prefer regulations, as it makes it harder for new competitors to join the market. Depends on the regulations. Comcast opposed Net Neutrality, for example. Goldman Sachs didn't like the Volcker Rule. Devon Energy pushed for weaker regulations on methane venting and flaring.
- nostrademons 6y agoNote that the first two are regulations designed to encourage competition and enforce a clear separation between industries. The last one is the rectification of an externality. Perhaps this suggests a useful principal for government regulation: regulations that promote competition and divestiture, or that force companies to bear the true costs of their actions, are good. Regulations meant to mandate a specific way of doing things are bad, and should instead be structured so that they incentivize entrepreneurs to find the best way of doing things and allow them to bring it to market. Regulate market structure, not markets.
- JumpCrisscross 6y ago> they own a skyscraper in one of the most expensive cities in the world. How could they not be the establishment? I agree that the Times represents the institutional / political elites views surprisingly accurately. (Most societies don't have such a public lens into their elites' preferences.) Your signaling mechanism, however, is poor. Lots of organizations own landmark properties in New York City. Most of them are property management companies. (Brookfield, I believe, owns about 40% of the New York Times building.) New York property types are...let's just say they've cultivated a reputation for eccentricity. Far from establishment, albeit powerful in their own right.
- ceilingcorner 6y agoYes I guess my point is just that Democracy Now or a similar org doesn’t own a skyscraper.
- olivermarks 6y agoThe NYT has been governed by the Sulzberger family since 1896, more recently via a dual-class share structure after its shares became publicly traded in 1969. A. G. Sulzberger and his father, Arthur Ochs Sulzberger Jr are the current leaders of the Sulzberger-Ochs dynasty. The NYT is as establishment as it gets, despite the endless posturing of 'investigative reporting', a fig leaf for quiet reinforcement of the status quo. Its equivalent in the UK is arguably the Financial Times, who are in comparison very straight forward supporters of globalization, WEF 'great reset' etc along with the Rothchild/Agneli magazine the Economist. There used to be a common descriptor of the Soviet era Pravda that you had to read between the lines to get near the truth. I broadly feel the same way about all of the above media companies.
- olivermarks 6y agoAdding the UK Guardian to the above, who are in a whole class of their own as sheperds for the oligarchs wishes
- deleted 6y ago[deleted]