Stites documents the rise-and-rise of national news co-ops in Germany, Italy, Switzerland and Mexico, and the rapidly proliferating local co-ops in Canada, Uruguay and the UK.
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A news co-op is a news organization owned by its readers, whose membership fees pay for open access journalism - no paywall - usually organized as nonprofits (an IRS rule-change lets for-profit newspaper convert to nonprofits).
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A monopolist's first preference is always "don't regulate me." But coming in at a close second is "regulate me in ways that only I can comply with, so that no one is allowed to compete with me."
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A couple hundred mil for compliance SOUNDS like a lot but it's a BARGAIN if it excludes future competitors.
That's why Facebook and Youtube flipped and endorsed the EU plan to mandate hundreds of millions of euros' worth of copyright filters in 2019.
Mark Zuckerberg may be a mediocre sociopath with criminally stupid theories of human interaction that he imposes on 2.6 billion people, but he is an unerring bellwether for policies that will enhance Facebook's monopoly power.
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The pandemic showed us just how slow the global ruling class to move through the stages of grief, often getting stuck in denial ("this isn't happening") and bargaining ("can't I just reopen one teensy little giant Tesla factory, pretty please?").
The climate emergency is a sterling example of how "market forces" are incompatible with the continued existence of a human-habitable Earth.
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Cons like "carbon offsets" are trivially corruptible and instantly become "markets for lemons," where the least effective climate measures produce the most profitable (and therefore most common) carbon credits, driving out all the good ones.