Re:These 15 Billionaires Own America's News Media Companies ...
by lm28469 on Monday February 15, 2021 @05:20AM
(#26141226)
It's a direct consequence of capital accumulation and lack of regulations. We have the same thing in France, billionaires own ~75% of medias (newspaper, tv, radio), some of them own so many that even when you think you're reading "multiple sources" you're actually reading slightly different flavour of the same propaganda : https://www.monde-diplomatique.fr/cartes/PPA
People have been calling these things forever but we somehow "rediscover" it every now and then.
> Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society.
> Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.
Funnily enough most of them are friends, have regular "dinners" &co with politicians and other people of the "elite": https://en.wikipedia.org/wiki/Le_Siècle_(think_tank)
People have been calling these things forever but we somehow "rediscover" it every now and then.
> Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society.
> Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.
Albert Einstein, Why socialism ? 1949