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Hamilton Nolan's avatar

I may write something else on this in the future but I think there's a clear distinction between rich people who own media outlets in some sort of public spirit and rich people who own media outlets as a tool for their own political power. Bezos might have started out more or less in the first category but now is clearly moving towards the second.

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Cognitive Science's avatar

One example.

Bezo's ex wife is giving billions away to help others. She could buy media outlets to also help others by promoting truth, science and equal rights for all.

Otherwise the billions she gives away will be ineffective long term to ending the cause of the their problems. So when her money is gone and the problems persist it seems like a huge waste.

Of course I find her generosity to be honorable. It's up to her how she wants to direct it.

Maybe she hasn't considered this at all?

Has Bill Gates?

He can give billions away but if he really wants clean water and vaccines to be effective having the US government decimate his efforts both domestically and internationally makes his silence in the last election quite ignorant.

He could buy up media yet he has not. Heck, he could buy up the services that such media rely on.

He could have bought Twitter. He did not.

So his inaction allowed Elon to turn public opinion

He's shorted Tesla stock and made money. He could use that to buy up media or to start a competitor to Twitter and Facebook. Crickets though. Shame.

Zuckerberg does own Facebook yet he's allowed it to become a haven for conspiracy theories and lies. He's weak. I don't see Murdoch allowing others on to lie unless it is the lies he wants told.

Only takes a few determined zealots with an agenda to get others to meekly acquiesce.

How to get millions and even billions to follow along? Way too easy for a populist and his small group of cohorts.

Even when we know better it still happens and is happening now in real time.

Sad.

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