uh, why? It seems like a free market economy is exactly where a free market press would work. Companies might buy news companies, but thanks to no government interaction, other news companies can pop up, make money because they deliver a service people want, and then grow.
They might not like it but it’s what happens anyway. I don’t have many examples off the top of my head, but I do know of at least one YouTuber who gives updates on geopolitics.
They might not like it but it’s what happens anyway.
But, what actually happens in reality is, this…
Six corporations own 90% of news media in the United States. They’re NBCUniversal (COMCAST), Disney, Columbia Broadcasting System (CBS), VIACOM, News Corporation, and AT&T. All of these companies have rich executives who’ve been known to fund not just individual politicians, but both heads of the American party (I.E. both the Republican and the Democratic parties). Our government is owned by corporations, and those corporations also own our information.
Why would any top company allow others to challenge their market share? Why does the trend under capitalism (where economic power stands above political power, and governments) tend towards increasing monopolization / fewer companies, in every industry?
I don’t hate to break it to you that
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uh, why? It seems like a free market economy is exactly where a free market press would work. Companies might buy news companies, but thanks to no government interaction, other news companies can pop up, make money because they deliver a service people want, and then grow.
And existing monopolies won’t give a fuck about it, yeah.
They might not like it but it’s what happens anyway. I don’t have many examples off the top of my head, but I do know of at least one YouTuber who gives updates on geopolitics.
But, what actually happens in reality is, this…
Why would any top company allow others to challenge their market share? Why does the trend under capitalism (where economic power stands above political power, and governments) tend towards increasing monopolization / fewer companies, in every industry?