Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Were the Founding Fathers Media Socialists?

Politics / US Politics Mar 01, 2010 - 05:19 AM GMT

By: Ayn_Rand

Politics

The Federal Communications Commission’s Chief Diversity Officer, Mark Lloyd, wants government to socialize the media. In his 2006 book Prologue to a Farce, Lloyd calls for a far-reaching government program that would straitjacket private media companies and funnel tens of billions of dollars into a tax-supported “public” media--an agenda shared by many of his associates. A massive nonprofit media run by the state would better inform Americans, Lloyd claims, although, feeling generous, he allows that “there should be a place for private communications services in a republic.”


You might think this radical call for government control of the media is at odds with the First Amendment and the ideals of its authors. Not according to Lloyd and his fellow travelers, who portray their vision of a government-funded press as a continuation of the American tradition. The Founders, they say, weren’t committed to protecting a profit-seeking press from government control. Instead, their primary concern was making sure the press could effectively educate and inform Americans, and they obsessively sought to subsidize the press in order to achieve that goal.

Let’s review the facts. During the founding era, America was buzzing with newspapers--all of them privately owned and for-profit.

Profit-seeking was so much a part of the American press that, as Professor Paul Starr notes, “The word ‘advertiser’ appeared in the title of 5 of 8 dailies published in 1790 and 20 of 24 dailies in 1800.” The Founders did not curtail this profit-seeking press or supplement it with a government press. Instead they created a limited, rights-protecting government that secured freedom of speech and of the press. They were keenly aware that a free country depended on the free communication of ideas; indeed, it was America’s burgeoning press that had helped transform the colonists from loyal subjects into intransigent rebels, something that would have been impossible had the British government controlled or restricted the press.

Lloyd’s plan is point for point a repudiation of the Founders’ ideals.

Lloyd advocates billions in new taxes on the private media, while the Founders reviled the 1765 Stamp Act, which sparked the chain of events climaxing in the Revolution, in large measure because it taxed the press.

Lloyd calls for “federal regulations over commercial broadcast and cable programs regarding political advertising and commentary, educational programs for children” and even “the number of commercials” they can run, while the Founders solemnly declared that “Congress shall make no law” abridging the freedom of speech.

Lloyd advocates a government-run “public” media that would force you to support through taxes ideas you may oppose, while the Founders recognized the individual’s freedom of conscience, which includes the right not to support views you object to.

The most Lloyd can dig up to substantiate his claim that a sprawling “public” press and crippling restrictions on the private press are consistent with the Founders’ ideals is an obscure 1792 act that reduced postal shipping rates for newspapers. According to Lloyd, the Founders’ “advocacy of the Postal Act of 1792 put communication service and a subsidy for political discourse at the center of our republic.”

It was not a subsidy but freedom that the Founders put at the center of our republic. Even if we grant Lloyd that the Founders supported the Postal Act because they saw a modest role for government in promoting the spread of news, an objective assessment of such support would have to conclude that it contradicts their fundamental commitment to a free press. The reporting of news must be left to the voluntary actions of private individuals--any news subsidy inevitably sets the stage for government control of the press (just observe Washington’s intrusion into the affairs of today’s bailout recipients).

At the deepest level, Lloyd’s is an act of moral embezzlement. He is using what is at most a minor inconsistency on the part of the Founders to smash their achievement and destroy America’s free press. The FCC’s adoption of his proposals would not continue the American tradition. It would end it.

www.aynrand.org

Don Watkins is a writer and research coordinator at the Ayn Rand Center for Individual Rights. The Ayn Rand Center is a division of the Ayn Rand Institute and promotes the philosophy of Ayn Rand, author of “Atlas Shrugged” and “The Fountainhead.”

Copyright © 2009 Ayn Rand® Center for Individual Rights. All rights reserved.

Ayn Rand Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in