Isn't that a big problem? Monopolies and oligopolies are crippling capitalism. The "too big to fail" conglomerates become just a part of the political system instead of the economic one.
With the media industry, it gets worse, as it has an important role in keeping the democratic and economic powers in check.
> No doubt the voices behind such "X mega-corps control Y" are in fact just advocating for legislation changes to mandate that they get a seat at the table.
Is not that fair? Shouldn't all parts of society be represented in the industry that consolidates the cultural values of a nation? Why should only economic power have representation in the media? It is one person one vote, not one dollar one vote.
Isn't that a big problem? Monopolies and oligopolies are crippling capitalism. The "too big to fail" conglomerates become just a part of the political system instead of the economic one.
With the media industry, it gets worse, as it has an important role in keeping the democratic and economic powers in check.
> No doubt the voices behind such "X mega-corps control Y" are in fact just advocating for legislation changes to mandate that they get a seat at the table.
Is not that fair? Shouldn't all parts of society be represented in the industry that consolidates the cultural values of a nation? Why should only economic power have representation in the media? It is one person one vote, not one dollar one vote.