TVNZ cuts and NewsHub's closing evidence of e-Public Goods
I predicted this around 15 years ago. Media and other similar, music, arts etc, have become Public Goods through the development of the internet. Check out what a Public Good is, a technical term in economics, non-excludable non-rival: they fail, and are the 'blackhole' of markets. They are what I call e-Public Goods. where the free rider has become the free copy. It gets more serious than this as Public Goods need to be provided by the state. Newshub’s Samantha Hayes on TVNZ job cuts: ‘Some exceptional journalists are facing the chop’