Showing posts from June, 2024

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 film etc., have become, via the internet, Public Goods; what I call ePublic Goods. They fail as a business due to non-excludability and non-rivalry. The free rider problem has become the free copy problem. It is one of the greatest problems of our time and is not going to go away. Public Goods (like National Defense) are funded by the state, and that is a serious problem for 'democracy' to function.