On Jan 23, 2009, at 10:46 AM, Anthony wrote:
We're in a lawless wild West period of news and information availability thanks to the Internet (unfortunately soon to be regulated). Blogs/Internet have opened up a wealth of information previously hidden by Editors who's power and whims decided what was important and what wasn't. With blog information available for the cost of an Internet hook up, why would anyone read the newspaper?
***Not lawless, spontaneous order... it is how humanity operates absent of government.***
So, Tell me, Why are Rupert Murdoch and other ultra rich people investing in newspapers? Do they see something they can pick up on the cheap? Do they believe they are getting a bargain?
***Yes and yes and yes...***
Like a cheap horse when everyone is moving to automobiles.
***No they are not stupid....**
Are they too old and curmudgeon to see how the news business has changed, OR, are they seeing something we're not?
*** Something I have already stated and everyone should know. Mark my words... within 5 years You Personally will demand the internet be shut down, due to attacks, virus, whatever... the issue wil be security. It will open up as a series of AOL's for certain functions, the ones we need, and you' need a license and pay a fee to go on the info superhighway, and permissions to access your bnking, pay bills etc. (Is it a coincidence that AOL and the CIA are headquartered in Langley VA?) The net will go into expensive lockdown. It is already a crime to criticize congress on the internet and not report yourself. It will get worse. When info on the internet is too expensive or in lockdown, the newspapers will re-emerge in the hands of fewer people more tightly beholden to government. Right now is one of the best times in history to start a newspaper.***
Friday, January 23, 2009
Newspapers and Internet
Posted in busted, Exceptional Wealth, free market, market intervention, Radical small business by John Wiley Spiers
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