For all of us who support economic freedom, progress through market competition and the most important of all, individualism. Capitalism work when you do. Capitalist societies value risk taking and investment to grow enterprise and voluntary interactions to maximise social cooperation. This group is suited for libertarians, anarcho-capitalists or minarchists.
Twenty years ago, former President Bill Clinton signed the Telecommunications Act. What many people don’t understand is that the act did far more damage to the media than Ronald Reagan’s repeal of the Fairness Doctrine. Ring of Fire’s Farron Cousins discusses this. Tell us your thoughts in the comments section below.
“Wall Street's sinister influence on the political process has, rightly, been a major topic during this presidential campaign. But, history has taught us that the role that the media industry plays in Washington poses a comparable threat to our democracy. Yet, this is a topic rarely discussed by the dominant media, or on the campaign trail.
But now is a good time to discuss our growing media crises. Twenty years ago this week, President Bill Clinton signed the Telecommunications Act of 1996. The act, signed into law on February 8, 1996, was "essentially bought and paid for by corporate media lobbies," as Fairness and Accuracy in Reporting (FAIR) described it, and radically "opened the floodgates on mergers." “
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