Re:How We Value the Super-Rich - Wall Street vs. Silicon Valley
by anamax on Sunday September 28, 2008 @06:29PM
(#317877)
It's always a bad idea to confuse intent with effect.
I've no doubt that fans of regulation want good things. However, the result of said regulation rarely matches those intentions.
Not to go all Dr. Phil, but insanity is doing the same thing repeatedly, expecting a different result.
Media control regulations lock in big media. Note that we didn't even get a fourth network until TV started to lose marketshare. (Yes, no one owned more than 40 stations, but that restriction didn't affect media control.)
I've no doubt that fans of regulation want good things. However, the result of said regulation rarely matches those intentions.
Not to go all Dr. Phil, but insanity is doing the same thing repeatedly, expecting a different result.
Media control regulations lock in big media. Note that we didn't even get a fourth network until TV started to lose marketshare. (Yes, no one owned more than 40 stations, but that restriction didn't affect media control.)