He misses ‘why’ they control the news. ‘Power’ is just another word for m-o-n-e-y.
They do it to increase consumer spending. Their livelihood comes from their %10 advertising cut of consumer spending.
And only from that.
Artificially increasing consumer spending is only done by confiscating investment spending, the spending that creates wealth. The media has massaged the news to support the government’s redistribution of wealth from investment- which they make no immediate profit from to spending.
They can’t help themselves it’s to their wallets’ interest!
After years of success at this their profits are now dependent on government taking money from investors and giving it to spenders.
You know- what Democrats (socialists) do.
A philosopher called the media a “predatory oligarchy’.
Disagree.
There is a common meme that money is the root motivator behind everything that happens. I beg to differ.
Money, of itself, provides only the ability to acquire "stuff." Once one is past a certain basic level, more or larger or better stuff provides little in the way of actual physical pleasure.
The true quite literally insatiable desire is for status and ego gratification. This has been obscured in our society by the fact that the main way one acquires status is by first acquiring money. In pre-modern societies, there were other ways of acquiring status. Indeed, money often flowed from status, not the other way around. Few of these alternative paths exist any more.
Let us look at automobiles as an example. One can get a new Toyota for ~$20k. This car will do, very efficiently, anything a Lamborghini can do, insofar as moving self, others and stuff from place to place. Indeed it will do so more efficiently.
So why would someone want to spend an order of magnitude or more of money to buy the Lamborghini? Because it's a status symbol. Women and others will admire you. People appear to have no limit at all on their appetite for this.
Until quite recently, women competed indirectly for status by the men they latch onto. Men competed to some extent by the women they were seen with.
Status can also be achieved by and is directly intertwined with power. That status/power is much more important for most people than money can be seen by the fact that wealthy men will leave their money-generating activities for years to enter "public service," where the direct monetary rewards are contemptible (by their standards), but their status shoots up tremendously. They will even spend tens of millions of their own money to acquire political office, showing very clearly that money is a means to the end of status for most people, not the other way around.