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Patrick's avatar

I have a lot of thoughts, and some of them are things I've said before (which likely breaks JVL's rule about good comments being necessary):

1. I'm so grateful for the Bulwark, and I hope this business succeeds because I WANT to see journalism succeed. Journalism NEEDS to succeed as a business if we want to keep this republic. The hard part is making journalism succeed at scale.

2. I'm a former TV journalist. I was nowhere near the level of 60 Minutes, but I really want to believe that TV journalism can still have an impact and still matter. It's struggling right now for a lot of reasons, and a lot of people have put in a lot of work to try to make it a viable business model, but even under the best of circumstances, it's a HARD gig. It's hard for reporters, it's hard for producers, it's hard for everyone.

3. The actions of the Ellisons confirm a belief that I stated in another post by JVL: There is nothing that the oligarchic class fears more than capitalism. Not socialism, but capitalism. If you have a proper and well-regulated capitalist market out there, that means you can't run a business in the ground and get rewarded for it. But we don't have it, and these oligarchs will do everything they can to make sure we don't have that (the irony, of course, is that in doing so they're laying the ground for what will ultimately be their own demise).

4. Is there a solution to this? If Democrats take power again, they could and should pass more antitrust legislation and go about doing some good ol' fashioned trust busting, but I suspect the Supreme Court will scream bloody murder and throw itself in front of any legislation that could negatively affect their donors.

One thing that I have been thinking about is in the discussion about MLB's CBA, the owners are adamant that they want a salary cap. They want a salary cap because they want to have a ceiling for laborers' earnings but no limit to their profits. A higher marginal tax rate would be a good way to put a limit on earnings for corporations. At the very least, I'd like to see Democrats try to do that.

Laura Dene Mchugh's avatar

I'm 67. I watched 60 Min religiously growing up and into adulthood. I miss it. I did meet Ed Bradley on the slopes of Vail in 1983 when he stopped to help me up after I fell. He had a face covering on, but I recognized his voice, because.

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