The Washington Post Is Dying a Death of Despair | The demise of an independent press in the United States might not look much like what readers expect.
It was supposed to be its own way to make money, as a counterpoint to other interests by selling juicy information. It breaks when its captured to further those interests’ agendas instead.
Not really. The wealthy classes had no issue making money under mercantilism. The issue was, no matter how much money they made. They were denied a level of power and control gate kept by monarchs. Economic liberalism did away with the divine right of kings and rule by bloodlines. Replacing it with something ultimately, arguably worse.
As inbred and shitty as most monarchies were. Oftentimes they at least attempted to be educated and trained to be decent rulers despite generally failing. All capitalism ultimately did was simply redefine who gets to be a monarch. And do away with any pretense of being trained or educated to be a decent ruler. Now we simply promote the least qualified most mentally ill and unscrupulous people possible.
In fact the average person stands to make a far more money under any system that doesn't tolerate monarchs, oligarchs, or vanguards. As opposed to capitalism for Marxist leninism which does.
We used to have laws against this sort of thing...
The primary goal of the law was to "let anyone enter any communications business – to let any communications business compete in any market against any other."[2] Thus, the statute is often described as an attempt to deregulate the American broadcasting and telecommunications markets due to technological convergence.[3] The Telecommunications Act of 1996 has been praised for incentivizing the expansion of networks and the offering of new services across the United States.[4] At the same time, it is often criticized for enabling market concentration in the media and telecommunications industries.[5][6]
I’m paraphrasing here: About 200K people canceled their WaPo subs after they failed to endorse. Bezos made $400M in the stock surge that happened after Agent Orange was elected.