The mainstream media has reached the awful point of recognition that they’ve lost to the alternative media and there’s no going back. From el gato malo at boriquagato.substack.com:
and the times they are a changing. let’s make sure they do.
a basic dictum of microeconomics is that competition drives the price of a good or service down to the marginal cost of the marginal producer. many seem to disbelieve this because they see profit from many producers, but this is generally always because they have some form of pricing power or cost advantage that the marginal producer does not. under assumptions of “perfect competition” as laid out in econ 101, such advantages do not exist. but, obviously, these “perfect” conditions rarely exist in full form. in essence there are 5 requirements:
- many sellers (no monopoly/oligopoly)
- many buyers (no monopsony)
- homogeneous goods
- perfect information (about production capability and market participants)
- free and costless entry and exit to markets
any market that even modestly approaches this will see a remorseless pushing of profits down to the marginal cost required to produce the good or service. prices will plummet and quality and variety will skyrocket as competition breeds competence in accordance with the implacable demands of consumer sovereignty.
the internet has been a massive disruptor in this regard by increasing information, breaking monopolies, allowing goods (especially information goods) to become FAR more specialized, and perhaps most of all by near eliminating the cost of entry.
and this is why mass journalism as an industry is essentially a structural zero.
it was never a good model. it was a model based on privilege and anti-competitive preferencing rooted in cost structures and licensure.
but more surely than video could ever have hoped to kill the radio star, social media has killed mass media.
If they had it all wrapped up then the propaganda wouldn’t be needed.
The fear of disinformation is because they know the narrative control is over and eventually there will be www crackdown.
Feel good story of the day was massive layoffs in the Mockingbird enemedia.
Along with TX putting up more wire with a how many divisions does the SCROTUS have attitude. (h/t-Stalin)
Saw an astute commenter saying keep moving the wire back 50 to 100 yards each time and keep filming Brandon’s minions cutting the wire of this UN/NGO/Traitorgov operation.