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What Basic Economics Teaches Us About the MSM and the Failure of Liberal Talk Radio
From our military and economics expert, Scott, a few reflections on economics and the failure of liberal talk radio:
I love economics. Understanding economics is one excellent way to reveal truth that can remain hidden without an understanding of economics. For example, some people may persuade you through their words that they care deeply about a particular issue (Take Al Gore and global warming for example), but there is no better way to uncover what people truly value than by observing how they allocate their money. (That same Al Gore owns a house that consumes 12 times the electricity of the average Nashville home).
Another example of economics revealing the truth lies with the financial struggles of liberal talk radio. The failure economically of this medium verifies what most of us already know about the mainstream media; that is, it is thoroughly biased to the left.
Allow me to explain my point. One of the most common reasons for the financial failure of an enterprise is a disparity between supply and demand. If there is too great of a product supply in relation to the demand that exists, the money going to product providers is diluted and results in business failures. Now we know that roughly half of this country is democratic, so the demand for liberal thought on the airwaves should be about equal to the demand for conservative thought. Yet somehow conservative talk radio thrives while liberal talk radio is a flop. Why is that?
It’s simple. The mainstream media provides so much liberal thought disguised as reporting that the demand for such thought is easily met, and unfortunately for liberal talk radio, they have entered an already saturated marketplace. What’s amazing to me is that the founders of liberal talk radio were so blind that they evidently didn’t recognize that they had chosen the mainstream media as their chief competitor.