To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. In the Internet age, however, no one has figured out how to rescue the newspaper in the United States or abroad. – Eric Alterman
The ability of the 1 percent to buy politicians and regulators is nothing new in American politics – just as inequality has been a permanent part of our economic system. This is true of virtually all political and economic systems. – Eric Alterman
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