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LindeBuzoGray | 2 years ago
We can go through business by business and see the rise of monopolies and oligopolies. Universal owns half of the US music market - Universal, Sony and Warner own over 80% of the US music market. Accounting is done by the Big Four, advertising by its own Big Four.
Just down the line - consolidation, oligopoly, monopoly. That is what markets produce. Standard Oil reversed its breakup into ExxonMobil, as did the Baby Bells into Verizon and AT&T. Even the government intervention into the monopolies gets reversed.
lotsofpulp|2 years ago
On the national level, there are multiple sources of news (NYT/News Corp/Disney/Comcast/Paramount/WaPo/LATimes/etc). There are lots of sources of professionally and amateur produced entertainment. Apple/Amazon/Comcast/Disney/Sony/WarnerBrosDiscovery/Paramount/etc.
If anything, the monopoly exists on wired broadband to peoples homes, which is usually only available from one seller.
flerovium|2 years ago
NYT - billionaire Sulzberger family
WaPo - Jeff Bezos
LA Times - billionaire Patrick Soon-Shiong
Disney/Comcast/Paramount represent the consolidation of an industry that used to be hundreds of independent newsrooms into a dozen or so corporations. The murdoch family's New Corp is regularly analyzed as a political force on par with individual elected leaders, if not more so.
Entertainment: Apple/Amazon/Comcast/Disney/Sony/WarnerBrosDiscovery/Paramount
The problem is that the industry has consolidated into a number of players you can count on one hand.