Comment by Herring
1 month ago
I'm ok with it. I think this situation is caused by the Baumol effect https://en.wikipedia.org/wiki/Baumol_effect
I think it's ok if the highly productive parts of society subsidize the crucial-but-low-productivity areas (healthcare, education, etc).
Otherwise this happens https://www.census.gov/library/visualizations/interactive/te... See all the important careers on the bottom right of the first graph. Then your people elect fascists because the media and education systems suck and they don't know any better.
Why is it the responsibility of American tech companies to subsidize Danish news and media industries? If it's really that important for national security, shouldn't the Danish government be setting up some kind of a state journalism fund to subsidize it themselves?
This is just a shakedown of American companies.
Denmark has one of the most comprehensive media subsidy systems in the world.
Google makes a lot of money off monopolizing advertising in Denmark. They are just playing hardball, they don’t think they can be replaced.
> The publishers say that their industry is bleeding out while they wait for a deal that may never come.
It sounds like their government needs to do even more subsidizing if they're really that reliant on US companies to pay their bills.
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