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It might! Reducing the power held by this handful of billionaires necessarily means that power is spread out amongst more people. That means the people who work at newspapers might have the power to influence laws and society in a way that benefits the workers instead of the owners.
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Will that make people want to pay for news? Or do you think taxpayers should pay for news? Otherwise, what will pay for news?
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Good questions! A United States where all of our public policy is not controlled by a couple dozen billionaires who are trying to increase their personal high score is so different it's hard to know how things would shake out. As an example, perhaps in this alternate world, enough of Facebook would be owned by non-billionaires that they could direct the company to change how it presents news and sells ads such that it would make an ad-based business model viable. Who knows! What we do know is the current system did lead to newspaper collapse. We know the current system does not work. Let's try something else.
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