When are we going to prove whether or not consolidation of industries are good for consumers? Do we have enough data on this question since Milton Freedman passed?
And yet, we are going back to that same idea. What caused those companies to break up? Oh yeah, law were made. Why did were the laws made? Because a lot of union work stoppages and protests were happening across the country.
And railroads still screw up the nation to this day.
Like, random fun fact, to this day, the mineral rights under many homes in the west were owned by the railroads and owned by….someone to this day. Buy your house, the land underneath it is owned by someone else and if they want to mine or frack they can.
For consumers. It the justification given to allow mergers that feel like monopolies to occur. The companies put up the argument that the combined companies will provide better goods or services to consumers then as competitors and the judges sign off on it.
The juwhat? Is that when we give them their own courts? I thought that was the text formatting thing but I think that's just on screen and a judge wouldn't be able to sign off if they don't have judges yet.
It's not their own courts. But federal and state attorneys will sue the merger deal on antitrust grounds. So the judges are either federal or state appellate judges that hear the arguments. The trend in the past 40ish years to allow the merger because of the consumer good arguments.
This will make your parents and grandparents harder to reason with. They watch local news a lot, and Sinclair will have even greater reach into their brains. This widens the gulf between generations.
That's okay, other outlets are designed to capture other generations, so the younguns won't be overlooked either.
Everyone without a proper mental filter (education) - and maybe even then - is and will be getting attended to by Bullshit Mountain in one format or another. Xitter, Tiktok, Youtube, Facebook, Instagram, etc...
More specifically, the same conservative owned bullshit. Previously it would have to be different conservative billionaires to stay under the limit for each.
So true. I just was listening to Best of the Left, and the guy getting interviewed (Matthew Sheffield ) pointed out that conservatives have been and are practically socialists when it comes to massive spending on media - see how they happily pissed away tons of money on hate radio just so they could capture millions with that shit. Hell, the first five years of Faux ran in the red, IIRC. They didn't spend like that for their health or just go on a lark. They had and have a plan. They want epistemic closure - you could see it in the way they reacted to Air America, LOL.
Meanwhile, the liberals have to pass the hat around to find funding for one lone outfit like Air America. And even that didn't last.
I drove through Utah last year and I could swear I heard Hannity on two, possibly three, different stations when flipping around. It's a conservative hellscape out there when it comes to terrestrial radio and local television "news".
And it's only going to get even worse, with the FCC doing this, AND threatening broadcasters merely for not running Donvict speaking...
26 Comments
Master167@lemmy.world · 38 pts · 13d
When are we going to prove whether or not consolidation of industries are good for consumers? Do we have enough data on this question since Milton Freedman passed?
yeahiknow3@lemmy.dbzer0.com · 16 pts · 13d
In like the 1800s with the railroads. Turns out it’s bad.
BlackVenom@lemmy.world · 6 pts · 13d
Union Pacific exits the chat
Master167@lemmy.world · 6 pts · 13d
And yet, we are going back to that same idea. What caused those companies to break up? Oh yeah, law were made. Why did were the laws made? Because a lot of union work stoppages and protests were happening across the country.
SalmonTractor@discuss.tchncs.de · 1 pts · 12d
And railroads still screw up the nation to this day.
Like, random fun fact, to this day, the mineral rights under many homes in the west were owned by the railroads and owned by….someone to this day. Buy your house, the land underneath it is owned by someone else and if they want to mine or frack they can.
PRIMEcavitationfetishist@quokk.au · 3 pts · 13d
For what's?
Master167@lemmy.world · 4 pts · 13d
For consumers. It the justification given to allow mergers that feel like monopolies to occur. The companies put up the argument that the combined companies will provide better goods or services to consumers then as competitors and the judges sign off on it.
PRIMEcavitationfetishist@quokk.au · 1 pts · 13d
The juwhat? Is that when we give them their own courts? I thought that was the text formatting thing but I think that's just on screen and a judge wouldn't be able to sign off if they don't have judges yet.
Master167@lemmy.world · 1 pts · 12d
It's not their own courts. But federal and state attorneys will sue the merger deal on antitrust grounds. So the judges are either federal or state appellate judges that hear the arguments. The trend in the past 40ish years to allow the merger because of the consumer good arguments.
PRIMEcavitationfetishist@quokk.au · 0 pts · 12d
Do you mean slop hogs?
JasonDJ@lemmy.zip · 26 pts · 13d
This is extremely dangerous to our democracy.
AdolfSchmitler@lemmy.world · 9 pts · 13d
CharlesDarwin@lemmy.world · 7 pts · 12d
Pretty much everything conservatives do is.
Mannimarco@lemmy.dbzer0.com · 3 pts · 12d
Don't worry I got the reference
SGGeorwell@lemmy.world · 15 pts · 13d
This will make your parents and grandparents harder to reason with. They watch local news a lot, and Sinclair will have even greater reach into their brains. This widens the gulf between generations.
CharlesDarwin@lemmy.world · 1 pts · 12d
That's okay, other outlets are designed to capture other generations, so the younguns won't be overlooked either.
Everyone without a proper mental filter (education) - and maybe even then - is and will be getting attended to by Bullshit Mountain in one format or another. Xitter, Tiktok, Youtube, Facebook, Instagram, etc...
minorkeys@sh.itjust.works · 11 pts · 13d
More wealth concentration means more power concentration.
Fredselfish@lemmy.world · 10 pts · 13d
What this mean for us plebs?
inclementimmigrant@lemmy.world · 50 pts · 13d
Every local station will be conservative owned bullshit.
halcyoncmdr@piefed.social · 26 pts · 13d
More specifically, the same conservative owned bullshit. Previously it would have to be different conservative billionaires to stay under the limit for each.
zwerg@feddit.org · 6 pts · 13d
My guess is Sinclair will buy them all...
CharlesDarwin@lemmy.world · 1 pts · 12d
So true. I just was listening to Best of the Left, and the guy getting interviewed (Matthew Sheffield ) pointed out that conservatives have been and are practically socialists when it comes to massive spending on media - see how they happily pissed away tons of money on hate radio just so they could capture millions with that shit. Hell, the first five years of Faux ran in the red, IIRC. They didn't spend like that for their health or just go on a lark. They had and have a plan. They want epistemic closure - you could see it in the way they reacted to Air America, LOL.
Meanwhile, the liberals have to pass the hat around to find funding for one lone outfit like Air America. And even that didn't last.
I drove through Utah last year and I could swear I heard Hannity on two, possibly three, different stations when flipping around. It's a conservative hellscape out there when it comes to terrestrial radio and local television "news".
And it's only going to get even worse, with the FCC doing this, AND threatening broadcasters merely for not running Donvict speaking...
gedaliyah@lemmy.world · 21 pts · 13d
More of this.
LuckyDevil@piefed.social · 9 pts · 13d
I knew what that was going to be before I clicked the link. I both love and hate that clip in equal parts.
PRIMEcavitationfetishist@quokk.au · 2 pts · 13d
Own nothing be happy fight communism ±happy
Your parents will be even more obnoxiously fascist.
itsgroundhogdayagain@lemmy.ml · 3 pts · 13d
Our local NBC and FOX stations have the same anchors. They just flip flop back and forth.