by Daily Bell Staff
The Daily Bell
AT&T Mulls Reinvention for Web With $86 Billion Time Warner Deal … DirecTV parent wants to own leading Hollywood film, TV studio … Merger accord could be reached Sunday, announced by Monday … Time Warner Inc. and AT&T Inc. have survived the evolution of color TV and cable over the decades. Now they’re merging to adapt to the latest technological shifts: smartphones and streaming. – Bloomberg
Another Bloomberg article that makes it sound like such a vast merger is business-as-usual. But it’s not. It’s just a furtherance of the technocratic, corporate-judicial monopoly that passes for a “free-market” in the West.
Thomas Jefferson and other US founders were so worried about bankers and corporations that they made sure money production was left in the hands of individuals. Need money? You could dig gold and silver out of the ground. The federal government would weigh and stamp the metal. It was a confirmation process not a creative one.