2 ms·
"X media controlled by [private companies based in] X" has obvious antipatterns too, it creates oligarchs and tests how pure govts are abut enforcing competitio
by smcin 2y ago
"X media controlled by [private companies based in] X" has obvious antipatterns too, it creates oligarchs and tests how pure govts are abut enforcing competition legislation viz. takeovers and monopolies, also some markets have less $ than others. Consider Rupert Murdoch of Fox/Sky started out as a newspaper baron in Australia in the 1960s, bought US and UK titles, took over the UK tabloid industry in the 1980s (without becoming a UK citizen) and in return sold media favors to govts from Margaret Thatcher to Tony Blair, then became a US citizen in 1985 and expanded his empire to Fox/StarTV. Murdoch has been kingmaker for deciding who gets elected leader in multiple continents for 4+ decades now, also for selling the Iraq invasion to the US/UK/Australian publics.
This is why media ownership legislation has to put limits on both foreign ownership and monopolies. It's interesting to watch FB deny the blatant reality that it's a media company not just a technology company [0], since to admit the obvious would trigger oversight. US Congress is dancing around eventually having to legislate for that, on FB, YT, TikTok, Twitter/X et al.
[0]: "Is Facebook a Media Company? That's Not Up to Mark Zuckerberg" https://www.fromdayone.co/stories/2020/6/26/is-facebook-a-media-company-thats-not-up-to-mark-zuckerberg https://www.fromdayone.co/stories/2020/6/26/is-facebook-a-me...