"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.
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.