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Joined 1 year ago
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Cake day: June 13th, 2023

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  • The incentives of capitalism and the intended role of the 4th estate are not compatible. Stoking the flames of populism is simply too lucrative of a business model when compared to trying to keep the public informed. This is what allows perverse media groups to proliferate and dominate the public eye.

    I don’t think this is an easy problem to solve. If you’re able to successfully regulate things like Fox, does that fix it, or do people just start gravitating more towards alternate media like Joe Rogan? Do you start regulating podcasts too? Twitter influencers? I feel like it’d just become a never-ending game of whack-a-mole. And given that the 4th estate’s role is to check the government, how do you use the government to safeguard it without giving them too much control over it? It’s a difficult balance to strike.

    That said, clearly we aren’t striking that balance now, so perhaps it’s time to try something different.