Yes, they are all billionaires, but they also all buy newspapers. How come? Why buy the dying, dead tree media? The land underneath the legacy media mountains?
AS if newspapers did not already do that, and get paid to do so. But... better people admired for their riches do the job, and make money at it (capitalism) than what we have had, the government do it (socialism). Yay! Socialism is dead! We will be so far better off now.
Under no circumstances can there be a free market in information.
update: and Shelley Adelson...
Feel free to forward this by email to three of your friends.
...Alibaba agreed on Friday to buy the media assets of ...Hong Kong’s most influential English language daily newspapers, The South China Morning Post. ... that for decades has reported aggressively on subjects that China’s state-run media outlets are forbidden to cover, like political scandals and human-rights cases....
Alibaba said the deal was fueled by a desire to improve China’s image and offer an alternative to the biased lens of Western news media outlets.Well there you have it... to protect the system that picked them as winners. At once, eliminate any controversial voices by buying the newspaper with the independent voice, and then use the same newspaper to publish what the hegemon wants said.
AS if newspapers did not already do that, and get paid to do so. But... better people admired for their riches do the job, and make money at it (capitalism) than what we have had, the government do it (socialism). Yay! Socialism is dead! We will be so far better off now.
Under no circumstances can there be a free market in information.
update: and Shelley Adelson...
Feel free to forward this by email to three of your friends.
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