Crony capitalism at work: Will nobody think of the children

It has been painful watching the often sensible Adam Creighton and normally sensible Paul Kelly contort themselves in praise of the ACCC report hit-job on social media platforms this week.

Paul Kelly’s effort in The Australian this morning is magnificent in terms of “hyperbowl”.

Every household with kids is at risk.

Let there be no confusion or misunderstanding: “Bullshit”.

Reminds me of this cartoon.

So here is the story: the so-called traditional media is an early form platform economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.

The so-called social media is a later form platform economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.  It turns out that readers love gossip – who knew? – and you don’t need to have journalists deciding what is or isn’t “news”. The newer platforms are better at packaging readers and better at directing them to advertisers.

So the more efficient business model displaces the less efficient business model. This is how a capitalist economy works. This is how a capitalist economy is supposed to work.

So Kelly has two “arguments” one being a threat to kids and the other being a threat to “our” democracy.

The biggest threat to kids is bad parenting.

The biggest threat to our democracy is the arrogance of the political elite.

This entry was posted in Cryptoeconomics, Freedom of speech, Market Economy, Media. Bookmark the permalink.

49 Responses to Crony capitalism at work: Will nobody think of the children

  1. tgs

    This comment thread is going to be a shitshow.

  2. Karabar

    AMEN to all of that, Sinc.

  3. The biggest threat to our economy are economists.

  4. stackja

    The Truth was out there! Ezra Norton liked it. Then we had Drudge and the blue dress.

  5. Howard Hill

    Politicians have always needed a bogyman to take away rights from the people.
    They are seeing their propaganda and lies dismantled and utterly destroyed by the alt media which just so happen to use these giant socialist media platforms as their tool of choice to get the word out. It’s always about the children, unless you want to abort that is and then it’s fine.

  6. Tel

    The biggest threat to Internet freedom, is that the Internet offers people the freedom to do the things they really always wanted to do but previously hadn’t been able to.

  7. C.L.

    That crazy-eyed loon-ball Peter Dutton has been wheeling out da kids for at least two years now, trying to use them as an excuse-shield to police the internet and outlaw privacy. People simply don’t care about mainstream newspapers any more. It’s laughable when you get blocked by one of their subscription pages. Oh my, I’ll have to get the details on this story from one of the other 10,000 sites reporting it. They’re finished. It’s no surprise that Kelly (for the dinosaurs) is supporting Duttonism.

  8. C.L.

    The only person I miss reading (very much) is Tim Blair.
    He virtually invented the Australian blogosphere (along with Parish, Soon, Yobbo and a few others).
    But I’m not giving any money to the #MeToofer, woke-plagued Daily Telegraph.

  9. So here is the story: the so-called traditional media is an early form platform publishing economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.

    The so-called social media is a later form platform publishing economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.

    How does it read now, ok?

  10. First try went into the sin bin for some reason. Let’s try again

    So here is the story: the so-called traditional media is an early form publishing economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.

    The so-called social media is a later form publishing economy. They have two groups of customers – readers and advertisers. They entice the readers with news and entertainment and then package those readers and sell their eyeballs and attention to advertisers.

    How does it read now, ok?

  11. Bugger it, I’m in the sin bin again.

    How about we change the word PLATFORM to PUBLISHING. How different would this post be then?

  12. Tel

    It’s no surprise that Kelly (for the dinosaurs) is supporting Duttonism.

    No of course that’s not surprising … dog bites man. What’s interesting is that for so long they sold themselves as unbiased news … but now have decided it makes more sense to sell their bias as a FEATURE therefore admitting that all along the value proposition was gatekeeping not any literary or journalistic merit.

    The benefits of gatekeeping typically flow to anyone with established wealth and power, because they get to keep what they have and protect themselves from competitors. In this respect Google and Facebook are no different to News Corp or CNN. They are all forms of “Corporate Media” just like in the cartoon, and they all do deals with government because that’s how one does business in a big-government economy.

  13. The only person I miss reading (very much) is Tim Blair.

    I and gave up when it ostensibly went behind a paywall. I’m stuffed if I’m paying to support 99.999% of the crap just to read Blair.

  14. Iampeter

    So the more efficient business model displaces the less efficient business model. This is how a capitalist economy works. This is how a capitalist economy is supposed to work.

    Ah, support for capitalism at the CatallaxyFiles.

    How quaint!

  15. thefrollickingmole

    Baa Humbug

    The spamminator hates the word b a l l using it even contained in a word sets it off.
    Can be frustrating when you dont realize whats triggering it.

  16. bespoke

    # parent restricts there kids access to social media.
    # lefty/libertarian MSM screams ‘how dare you do you job!!!”

  17. Sinclair Davidson

    How quaint!

    Oi. It’s just Kates who has abandoned the faith. Trump won’t be President forever.

  18. bespoke

    It’s a lark, libertarian’s sounding like religious fundamentalist.

  19. mh

    Oi. It’s just Kates who has abandoned the faith. Trump won’t be President forever.

    Trump could be there longer than think
    https://twitter.com/realDonaldTrump/status/1144072877290872832?s=20

  20. Frank Walker from National Tiles

    bespoke
    #3122314, posted on August 3, 2019 at 2:04 pm

    # parent restricts there kids access to social media.
    # lefty/libertarian MSM screams ‘how dare you do you job!!!”

    You are no longer a loon but a savage who has lost the capacity for speech and now lives off the reservation if you think the main stream media is libertarian, or even “libertarian”.

    I mean Joe Rogan on DMT boasting about training an ice hockey team of chimps and feeding them solely on elk meat and that will rip your dick off makes more sense.

  21. Lee

    The only person I miss reading (very much) is Tim Blair.

    I and gave up when it ostensibly went behind a paywall. I’m stuffed if I’m paying to support 99.999% of the crap just to read Blair.

    Same here.
    The best thing about Blair’s blog is that it wasn’t absolutely infested by mindless left wing trolls, like Andrew Bolt’s blog.
    I am even less likely to stump up money to read Bolt’s blog for the above reason. It’s bad enough reading all the leftist trolls on Andrew’s stories that aren’t behind a paywall (not that many aren’t behind said paywall).

  22. bespoke

    Frank Walker from National Tiles
    #3122423, posted on August 3, 2019 at 4:16 pm
    bespoke
    #3122314, posted on August 3, 2019 at 2:04 pm

    # parent restricts there kids access to social media.
    # lefty/libertarian MSM screams ‘how dare you do you job!!!”

    You are no longer a loon but a savage who has lost the capacity for speech and now lives off the reservation if you think the main stream media is libertarian, or even “libertarian”

    My mistake “lefty/libertarian and MSM screams ‘how dare you do you job!!!”

    Is that it?

  23. Frank Walker from National Tiles

    Since when have libertarians or even “libertarians” ever said parents cannot parent their own kids?

    You Boltrats are a special kind of fucking retarded.

    I have tried to be civil you smug fuckwit but lie after lie of unhinged bullshit and I’ve had enough.

    Do you even understand what classical liberalism is – freedom; also responsibility.

    Go on. Show me one libertarian like Leyonhjelm or Ron Paul who has said parents should not be responsible for their kids.

    FFS.

  24. Lee

    Oi. It’s just Kates who has abandoned the faith. Trump won’t be President forever.

    Would you prefer the alternative, Sinclair?

  25. Sinclair Davidson

    Which alternative are you imagining?

  26. A Lurker

    If the USA follows the path of the final days of Republican Rome, then perhaps Trump will be hailed as dictator perpetuo.

  27. bespoke

    Go have a sleep Dot. Your getting angry and confusing me with others.

  28. bespoke

    You Boltrats are a special kind of fucking retarded.

    I have tried to be civil you smug fuckwit but lie after lie of unhinged bullshit and I’ve had enough.

    LOL!

  29. jupes

    … normally sensible Paul Kelly …

    You’re talking about the ex-footballer right?

  30. Frank Walker from National Tiles

    He’s a nice guy too jupes. Actually, very level headed and humble.

  31. Frank Walker from National Tiles

    bespoke
    #3122503, posted on August 3, 2019 at 5:43 pm

    You Boltrats are a special kind of fucking retarded.

    I have tried to be civil you smug fuckwit but lie after lie of unhinged bullshit and I’ve had enough.

    That’s right you idiot troll…

    Show me one libertarian who has ever said “you know what, it is wrong that parents take the care and direction of the upbringing of their children, please regulate the internet”

    It has never happened and you are pushing some lunatic alt-right narrative where Ron Paul and Ted Nugent are “just the same” as Occasional Cortex and “The Liberal Sherpa”.

  32. bespoke

    Has none taken over your brain Dot? Seems to be a lot of hysterical over reactions lately from the most unexpected people.

  33. Frank Walker from National Tiles

    bespoke
    #3122314, posted on August 3, 2019 at 2:04 pm

    # parent restricts there kids access to social media.
    # lefty/libertarian MSM screams ‘how dare you do you job!!!

    This is COMPLETE bullshit. What did you expect?

  34. Arky

    Show me one libertarian who has ever said “you know what, it is wrong that parents take the care and direction of the upbringing of their children, please regulate the internet”

    ..
    Rand Paul: “The internet is the government”:
    ..

    …former Texas congressman Ron Paul said Silicon Valley social media giants like Facebook and Twitter are suspending and banning “antiwar activists and libertarians” because tech companies are just extensions of the U.S. government.

    Paul ridiculed this past week’s “Twitter Purge” and tech crackdown on so-called “hate speech” that ultimately led to Ron Paul Institute Executive Director Daniel McAdams and several other libertarian figures being suspended from their social media accounts. The longtime Republican lawmaker and libertarian leader told RT that social media networks under the control of Google, Apple, Twitter and Facebook are working with the U.S. government to silence dissent.

  35. Arky

    Ron Paul. Rand Paul.
    Same thing.

  36. bespoke

    Well I remember back in day some libertarians banging on how school uniforms and such hamper the kids individualism. But as some one said in the OF ‘lefty’s masquerading as libertarians’.

    Remove ‘libertarians’ if it makes you feel better I don’t care.

    What did you expect?

    Much much better from you. You shouldn’t let people get to you to the point of going all frightbat.

  37. jupes

    You shouldn’t let people get to you to the point of going all frightbat.

    Indeed, Dotty was much more civil when he stuck to his day job of counting terrorists.

  38. Frank Walker from National Tiles

    bespoke
    #3122549, posted on August 3, 2019 at 6:14 pm

    Well I remember back in day some libertarians banging on how school uniforms and such hamper the kids individualism

    That’s up to their parents to send them to a “normal” school, homeschool them or Montessori, or change the school policy.

    Remove ‘libertarians’ if it makes you feel better I don’t care.

    So you were just being an invidious prick for no reason at all other than you don’t like an ideology but can’t make up a good argument against it.

  39. Frank Walker from National Tiles

    jupes
    #3122601, posted on August 3, 2019 at 7:25 pm

    You shouldn’t let people get to you to the point of going all frightbat.

    Indeed, Dotty was much more civil when he stuck to his day job of counting terrorists.

    Yeah, you’re better off blindly asking Danny Pipes how many billion Moozylems are actually terrorists, rather than get an accurate assessment of the situation, dumbarse.

  40. Iampeter

    Oi. It’s just Kates who has abandoned the faith. Trump won’t be President forever.

    Well, it’s Kates, it’s Rafe, it’s the overwhelming majority of posters here…dark times…

  41. Iampeter

    Do you even understand what classical liberalism is – freedom; also responsibility.

    Frank, you don’t know what classic liberalism is and have opposed it’s values in countless posts.
    You’ve also just contradicted yourself and don’t even realize it.

    You’re as bad as the worst leftists here and just as confused.

  42. bespoke

    Frank Walker from National Tiles
    #3122664, posted on August 3, 2019 at 9:39 pm
    So you were just being an invidious prick for no reason at all other than you don’t like an ideology but can’t make up a good argument against it.

    I lean libertarian on most things Dot but don’t identify as belonging to any political tribe. And take the history of a poster into account before I make judgment. Chill ImP is getting to you.

  43. bespoke

    A sense of humour and a thick skin Dot.

  44. thefrollickingmole
    #3122277, posted on August 3, 2019 at 1:26 pm

    Baa Humbug

    The spamminator hates the word b a l l using it even contained in a word sets it off.
    Can be frustrating when you dont realize whats triggering it.

    Bullocks. Thanks mole.

  45. Lee

    Which alternative are you imagining?

    Hillary Clinton.
    Or any (shudder) of the current crop of Democrat “leaders.”

  46. Iampeter

    Hillary Clinton.
    Or any (shudder) of the current crop of Democrat “leaders.”

    Why?
    Anyone who supports Trump can’t be opposed to Hillary or the current crop of Democrats.”

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