The man who pretends to be a great free marketeer has built an empire almost entirely out of circumventing competition to throttle free markets. That is what Adam Smith warned businesses will do unless commerce is well-regulated by governments to keep healthy markets open. The paradox ignored by this government is that entrepreneurial capitalism needs a strong state to thrive: once markets ossify into monopolies, cartels, corruptions, briberies and intimidation of law-makers, they stagnate. That's why third world dictatorships fail economically.A token gesture obliges Murdoch to put Sky News out to purportedly independent overseers until he regains its control in a decade – or sooner if a culture secretary allows it. Few doubt that he will succeed in changing UK law that bans political bias in broadcasting: Fox News will be with us sooner or later.(*)
Oznake: L.O.