News is now a Public Good
My recent comment on a Facebook post on the losses New Zealand's national TV channel are making. TVNZ expects operational losses of $28m-$33m and ‘significant’ impairment Search ' Public Goods '. News and other entertainment, music, films, etc., have become public goods via the internet, called ePublic Goods. They fail as businesses due to non-excludability and non-rivalry. The free rider problem has become the free copy problem. It is one of the most significant problems of our time and is not going away. Public Goods (like National Defense) are funded by the state, which is a severe problem for 'democracy' to function.