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"The only time someone can control all the media is if the market is highly regulated." That's not true at all. Someone can simply buy all the media, and the f
by 7e 2y ago
"The only time someone can control all the media is if the market is highly regulated."
That's not true at all. Someone can simply buy all the media, and the free market will not correct that as long as that person has the wealth to persist.
The free market has a large number of failure modes, as evidenced by the fact that every free market in the world has some regulations of some sort. Antitrust foremost among them. Pretending it does not is just adherence to dogma.
- relativ575 2y ago> That's not true at all. Someone can simply buy all the media, and the free market will not correct that as long as that person has the wealth to persist. Do you have an example of that happened in real life? Not just a hypothesis. When was a person being wealthy enough to buy all the media?
- femiagbabiaka 2y agoPost-soviet Russia. The U.S. gave oligarchs the billions to do it too!
- isx726552 2y agoNot the person you’re replying to, but there used to be regulations limiting ownership of radio & TV stations in the US. When these regulations were lifted in the 1990s, it resulted in one company (Clear Channel) going on just such a buying spree.
- roenxi 2y agoDid they buy all the media? A company going on a buying spree doesn't say much about how big they got. https://en.wikipedia.org/wiki/IHeartMedia https://en.wikipedia.org/wiki/IHeartMedia makes it sound like this was any old media company and ended up going bankrupt.
- scarface_74 2y agoCan someone buy up every single server so that no one can publish anything on the web?
- fallingknife 2y agoHow can you buy all the media when anybody who wants to can come along and start new media? You can only buy "all the media" when there is a high barrier to entry, and with the internet, the barrier to entry is basically zero.