Rupert Murdoch Believes In The Free Market... Until His Company Is Struggling: Then He Wants To Regulate Competitors

from the hypocrite dept

Oh, Rupert Murdoch. When we last checked in with him, he was literally begging Facebook to pay News Corp. money because (he claimed) News Corp was "enhancing the value and integrity of Facebook." We noted at the time that Murdoch -- a staunch public defender of free market capitalism and a loud opponent of "socialism" -- seemed to be a bit hypocritical in effectively demanding a corporate handout from other, more successful companies, when his own company had struggled for years to adapt to the internet.

He's not done yet. Apparently, if Facebook (and, one presumes, Google) don't want to just hand him money for nothing, he's now demanding that they be heavily regulated:

Robert Thomson, the CEO of Murdoch’s company, News Corp., took a step beyond criticism last week in an investor call, when he advocated the creation of an “algorithm review board,” which would essentially regulate the secret formulas platforms use to determine, among other things, what news is shown to which people.

What a fucking hypocrite. Just compare this to what Murdoch was saying just a few years ago about free markets, competition, regulation and s haring:

But while we’ve won the efficiency argument, we have yet to persuade people that the market does better because it is more moral — or that socialism fails because it is largely immoral in its denial of fundamental freedoms.

To the contrary, too many people think that the market succeeds because it is based on a vice — greed. And that socialism is better, because it is based on a virtue — sharing.

Naturally, they conclude from this one of two things: that the way to make capitalism more just and more humane is to temper it by injecting a large dollop of government-mandated sharing, or that, like President Obama, government is better.

Or how about this gem:

How often do you hear the same people who say they are for free trade then push for stronger anti-dumping laws, a backdoor form of protectionism?

How often do we hear the same politicians who say they believe in free markets go on to carve out a special tax credit for some industry they favor?

Oh, Rupert, why it happens all the time. Sometimes from people like yourself.

Crony capitalism is not capitalism. It’s cronyism.

Yes. So why are you trying to get your crony's to regulate your competitors who have done a much better job than you in the market?

The market succeeds because it gives people incentives to put their own wants and needs aside to address the wants and needs of others. To succeed, you have to produce something that other people are willing to pay for.

And if he fails to get people to pay for it, Rupert Murdoch will run to the government, demanding that more successful companies just pay him, and then will also advocate for heavily regulating those companies while pretending to be for the free market and against cronyism.

What’s fair about taking money from people who’ve earned it and giving it to people who didn’t?

Says the guy demanding money he didn't earn from internet companies...

In short, as we work for freer markets, we must also work to persuade our fellow citizens that we do so not simply because a free market is more efficient but because it is fair and just and right.

Yes, Rupert Murdoch believes this right up until his own companies have trouble adapting and competing. Then he goes running to government to regulate those companies who are actually succeeding.

There may be reasonable arguments for certain kinds of regulations. But Murdoch's only reason for calling for regulations of internet companies -- after whining about socialism and talking up free markets -- is pretty blatantly an attempt to whine for a handout for his own businesses that have failed to adapt to changing times.


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  1. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 10:59am

    Even a hypocrite is righter than a Masnocrit!

    GOOGLE Removes 'Don't Be Evil' Clause From Code of Conduct...

    gizmodo.com

    "YELP Co-Founder: [GOOGLE] 'Snuffing Out' Competition..."

    www.cbsnews.com

    For Masnick's view of "capitalism" go to:

    http://copia.is/

    and look at the graphic with his "sponsors".

    reply to this | link to this | view in thread ]

  2. identicon
    Anonymous Coward, 21 May 2018 @ 11:16am

    Shouldn't it be "Masnocrite" you dolt? That would be the "righter" way to spell your own childish insult.

    reply to this | link to this | view in thread ]

  3. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 11:16am

    Re: Even a hypocrite is righter than a Masnocrit!

    Only one comment and it is flagged - lol

    reply to this | link to this | view in thread ]

  4. identicon
    Anonymous Coward, 21 May 2018 @ 11:19am

    Is Murdock a flag bearer for the fascist overthrow of the USA?
    Or is he simply just an old senile hypocrite?

    reply to this | link to this | view in thread ]

  5. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 11:20am

    Rupert proves my point!!!!

    Hello TD, it's me again!

    Rupert is proving what I have always told you all about regulations. Regulations are nothing other than tools/laws for businesses to buy from politicians to protect themselves from competition.

    This is why the FCC has failed you all for so long and why NN is only going to fail you. It does not matter one iota if NN passes or dies, you have all be successfully tricked into hating free-market ideals enough to ensure that a free-market cannot exist.

    "What a fucking hypocrite."

    For once Mike, Bravo! You are correct here. Rupert is obviously being hypocritical.

    I would ask that you all remember that monopolies are anti-free-market and to stop blaming free-market for the existence of monopolies!

    I appreciate you taking the time to post an article that proves what I have been saying for some time despite you personally saying that I should GFTO of TD.

    reply to this | link to this | view in thread ]

  6. identicon
    Anonymous Coward, 21 May 2018 @ 11:22am

    myspace

    It's funny that Rupert Murdoch was not proposing this back when he owned the biggest social site on the internet.

    reply to this | link to this | view in thread ]

  7. icon
    Gary (profile), 21 May 2018 @ 11:27am

    Re: Monopolies

    Monopolies are the result of a un-regulated free market. Monopolies are not magically erased by a free market - ESPECIALLY in the case of "Natural Monopolies" where the first to arrive has a massive competitive advantage.

    reply to this | link to this | view in thread ]

  8. icon
    Jeff Green (profile), 21 May 2018 @ 11:31am

    They are called irregular verbs.
    I compete fairly
    You take advantage of my work
    They steal everything we do.

    I call for fair and balanced regulation
    You call for restrictions
    They want full blown censorship

    I am a free marketeer
    You show worrying tendencies to state control
    They are communists

    We are freedom fighters
    They are terrorists

    I use enhanced interrogation techniques
    They torture innocent bystanders

    Identical actions can attract very different descriptions ...

    reply to this | link to this | view in thread ]

  9. identicon
    Anonymous Coward, 21 May 2018 @ 11:38am

    Re:

    How about "Masnocritter" -- defined as someone with an unhealthy obsession toward Techdirt ... or something like that.

    reply to this | link to this | view in thread ]

  10. identicon
    AnonCow, 21 May 2018 @ 11:40am

    Can we get over that corporations will often have two points of view where they generally seek a free market but will use their lobbying power to gain an advantage over competitors or to protect market share?

    It's naive and tiresome.

    reply to this | link to this | view in thread ]

  11. icon
    That One Guy (profile), 21 May 2018 @ 11:45am

    'They did it too!' is not an acceptable excuse

    You mean ignore blatant hypocrisy simply because 'they all do it'? No, I don't think so. If anything that should be even more reason to call them out on it.

    reply to this | link to this | view in thread ]

  12. icon
    Ninja (profile), 21 May 2018 @ 11:50am

    Capitalism is just as bad as Socialism. Murdoch is one of the prime examples of why it's bad. The real solution lies somewhere in the middle. And reining in the power mega corporations have over the Government is one of the first things we should be tackling.

    reply to this | link to this | view in thread ]

  13. identicon
    Anonymous Coward, 21 May 2018 @ 11:50am

    Re:

    He's both.

    He's the definition of the old generation screwing over the new generation in his 'I got mine' hypocrisy with his demands for these Internet regulations.

    reply to this | link to this | view in thread ]

  14. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 11:56am

    Re: Re: Monopolies

    You are wrong.

    You argument is a fallacy and the equivalent of saying that an unlocked foot locker is responsible for thievery in this world.

    "If it weren't for dick heads like you there would be no thievery int his world!"
    https://www.youtube.com/watch?v=3j3_iPskjxk

    Free market is the best defense against monopoly because a monopoly is anti-free market action. So in a free-market the moment someone builds a monopoly and tries to abuse customers is the moment a challenger can easily take their customers. Pound for pound, regulation WILL create more monopolies, stronger monopolies, and more abusive monopolies than a free-market will.

    Natural Monopolies are a different story, I would support increase regulation on those, but they cannot be manufactured natural monopolies like the telecom sector and utilities.

    reply to this | link to this | view in thread ]

  15. identicon
    Anonymous Coward, 21 May 2018 @ 12:06pm

    Re:

    Well said, but I like to call them lies, no irregular verbs.

    You cannot bring fairness or balance through regulations.
    All work takes advantage of another's work.
    Harming a person in anyway to extract information is torture.
    Terrorism is a farce used by politicians to spread fear!

    "Identical actions can attract very different descriptions ..."

    Only when the observer has cognitive dissonance/double standards, which is pretty much most people.

    reply to this | link to this | view in thread ]

  16. identicon
    Anonymous Coward, 21 May 2018 @ 12:37pm

    Re: Re: Re: Monopolies

    "So in a free-market the moment someone builds a monopoly and tries to abuse customers is the moment a challenger can easily take their customers."

    This is a wonderful fairy tale you've imagined.

    reply to this | link to this | view in thread ]

  17. identicon
    Thad, 21 May 2018 @ 12:42pm

    Re:

    I feel like debating between capitalism and socialism is like debating whether to use a hammer or a screwdriver: well, it depends, doesn't it? They're different tools, suited to different jobs.

    I think it's less about "meeting in the middle" than using the right tool for the job. In some cases, that's capitalism; in some, it's socialism; in some, it's some combination of both; and in some, it's neither.

    reply to this | link to this | view in thread ]

  18. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 1:00pm

    Re: Re: Re: Re: Monopolies

    It looks like someone didn't read the article.

    I will happily take my fairy tale over your delusion.

    How is your ass feeling since it has been getting pounded by those monopolies that your regulations are supposed to protect you from? Oh wait... I bet you already have it up in the air with a stamp reading "over here murdoch!"

    reply to this | link to this | view in thread ]

  19. icon
    Ninja (profile), 21 May 2018 @ 1:05pm

    Re: Re:

    Good way of putting it. I wonder if we actually need a third, yet-to-be-discovered tool at the moment.

    reply to this | link to this | view in thread ]

  20. identicon
    Anonymous Coward, 21 May 2018 @ 1:15pm

    Re: Re: Re: Re: Re: Monopolies

    How long before you quote George Washington? You fucking hack.

    reply to this | link to this | view in thread ]

  21. identicon
    Anonymous Coward, 21 May 2018 @ 1:17pm

    Re:

    "And reining in the power mega corporations have over the Government is one of the first things we should be tackling."

    hint...

    free-market, which is the system that gives us lowly consumers the power to have more of a say in things. The problem is that it requires effort from people usually not willing to give any effort.

    Capitalism is just the idea that businesses can be privately owned. It does NOT require a free market to exist. But a free-market requires capitalism to exist. Which means, if you want a say in the market, you only have one choice... free-market capitalism. all other forms that I can think of only takes your power and voice away.

    You either get told what you to buy, or you get told what your choices of purchase are which are equally hardly much of any choice.

    reply to this | link to this | view in thread ]

  22. icon
    ECA (profile), 21 May 2018 @ 1:18pm

    For years

    It has been said that the Gov. is to big, and needs to be Cut back..
    They do the SAME as every corp and CUT THOSE on the bottom before anyone on the top can feel it..
    All those Consumer protection laws are being DROPPED..
    ALL those pollution laws are Disappearing..

    Love those words, FREE MARKET, FAIR TRADE..and what THEY DONT MEAN..
    Unregulated Commercialism and Corporatism and anything else a CORP controlled nation can be..

    Corps that send ideas, instruction and asks for things to be built in other nations, shipped HERE, then charges the customers 10-100 times for the products..
    They cut all regulations so they can process Food in this country with Little to NO federal protection on Quality..(look up all the Food poisoning)
    3 agencies and they can only cover 8% per year and request the Corps get independent verification..
    When they cant BUY UP another opponent/company they TRY to kill it out right. ASK MS and Apple how they have done it for years..

    reply to this | link to this | view in thread ]

  23. This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 21 May 2018 @ 1:22pm

    Re: Re: Re: Re: Re: Re: Monopolies

    Different problem, but I don't think you have the intellectual capacity to understand something like that.

    Would you like a quote anyways? Maybe not, it's not likely you are interested in learning from people greater than yourself! Unless I am mistaken and you can attach your name to having helped create a nation somewhere on earth? I'm guessing no. The best you can do is cast aspersions and offer no substance. You would not happen to be on Murdoch's payroll would you? Based on your vitriol I bet you want regulations, just as Murdoch is asking. Sounds like Murdoch has you thinking exactly how he wants you to think.

    reply to this | link to this | view in thread ]

  24. identicon
    Applesauce Kid, 21 May 2018 @ 1:34pm

    hmmm...

    Talk about bitting the hand that feeds you.

    reply to this | link to this | view in thread ]

  25. identicon
    Anonymous Coward, 21 May 2018 @ 2:45pm

    Re: Re:

    The Ayn Rand way: When you need the help of others to survive, of course you would rather live than die on principle.

    It doesn't invalidate capitalism, but certainly puts into question if the people living by its extreme aren't egoistic rather than actually ideological.

    reply to this | link to this | view in thread ]

  26. identicon
    Anonymous Coward, 21 May 2018 @ 3:02pm

    Re: Re:

    "You cannot bring fairness or balance"

    Doesn't that just about sum it up?

    reply to this | link to this | view in thread ]

  27. identicon
    Anonymous Coward, 21 May 2018 @ 3:34pm

    Re: Re: Re: Re: Re: Re: Re: Monopolies

    Watching you embody the Dunning-Kruger effect, with the self awareness of a piece of three day old roadkill and the argumentative powers of a not particularly bright 10 year old, never ceases to entertain. Now run away like you do.

    reply to this | link to this | view in thread ]

  28. icon
    Gary (profile), 21 May 2018 @ 3:47pm

    All Regulations

    Having trouble following the thread today, but the gist of Blue's argument is "ALL government regulation is bad. Worse, THEFT. And anything but pure free market is a crime."

    Is that about right? I'm being completely serious here.

    reply to this | link to this | view in thread ]

  29. identicon
    CHip, 21 May 2018 @ 4:16pm

    Re: All Regulations

    Look, my "argument" is very VERY "simple", you Sycophantic "IDIOTS"! Everyone "here" on "Techdirt" is so Stupid! Stupid! So Stupid that it "hurts" me even to Be here among all the Stupidity! It must be ALL the "stupidity" that is Hurting Me, and certainly "not" athe "paint Chips" that I "eat" because they are Delicious.

    It is very "Simploe". My Arguement is that All Regulations are Bad, and also that I never Said all Regulations are Bad, Ever, I definitely "never" said That, and you are all a bunch of Stupid Liers for "saying" that I said that all regulations are "bad", which I definitely Never Said.

    Regulations are "bad" because Free Markets should Decide. Why should we have "speed Limits" to tell me How fast I can "drive", or "regulations" saying that my CAR should have a "steering" Wheel and Bakes? Let the "Free market" decide! Techdirt Wants more Government Tegulation, Always! because you are Stupid! so very STUPID! Not "smart" like ME. I am very "Smart". You can tell that I am "smart" Because I always "talk about" How smart I "am", which is Definitely a Thing that "smart" people "Do".

    I am "Smart" because I "graduated" from Forth Grade at Smilin' Jim's Unaccredited Forth Grade Academy at the "top" of my class of Two People, which consisted of "me" and Also a dead "gopher". Sure, "Smilin' Jim " was not an "Accredited Education Instituion" and may have Possibly been a Deranged "Hobo", but who is the Government to "say" that He is not a Good School? Let the ree Market Decide!

    Every Nation eats the Paint chips it Deserves!

    reply to this | link to this | view in thread ]

  30. icon
    Gary (profile), 21 May 2018 @ 4:23pm

    Re: Re: All Regulations

    Chip, thanks for the clarification. But I think I was hoping to hear from the AC that people seem to identify as "Out Of The Blue."
    But your argument is very thought provoking.

    reply to this | link to this | view in thread ]

  31. identicon
    Chip, 21 May 2018 @ 4:50pm

    Re: Re: Re: All Regulations

    Why do "People" always Confuse me and Out of "the" Blue! and "MyNameHere" and Alexander Hamliton!

    It is Very "VERY" Simple.

    Out of The "Blue" wants Common "law" REgulations to "protect" Him from his "Posts" being "Flagged".

    MyNameHere wants "Regulations" to punish All the Filthy, Filthy "pkrates" he Sees everywhere.

    I am "against" All Regulations, and Also I never "said" I was against "all" Regulations.

    Alexander "Hamilton" invented "eail".

    We are Completely Different!

    Every Nation eats the Paint chips it Deserves!

    reply to this | link to this | view in thread ]

  32. icon
    Stephen T. Stone (profile), 21 May 2018 @ 5:25pm

    Re: Re: Re: Re: All Regulations

    Why do "People" always Confuse me and Out of "the" Blue! and "MyNameHere" and Alexander Hamliton!

    Because you are each a bothersome bore that believes your performative (or actual) idiocy is making a point.

    reply to this | link to this | view in thread ]

  33. identicon
    Anonymous Coward, 21 May 2018 @ 5:43pm

    There once was an out of the blue
    Who hated the process of due
    Each film that he'd paid
    Was DMCAed
    And shoved up his ass with a screw

    reply to this | link to this | view in thread ]

  34. icon
    That One Guy (profile), 21 May 2018 @ 6:52pm

    Re: Re: Re: Re: Re: All Regulations

    I wouldn't say they're boring, they can each provide different forms of entertainment, even if only one of them is actually trying to do so.

    reply to this | link to this | view in thread ]

  35. identicon
    Anonymous Coward, 22 May 2018 @ 5:59am

    Re: Re:

    "free-market capitalism"

    Isn't that an oxymoron?

    reply to this | link to this | view in thread ]

  36. identicon
    Anonymous Coward, 22 May 2018 @ 6:57am

    Re: Re: Re: Monopolies

    Let’s ignore the argument about monopolies and just focus on barriers to entry. From what barriers do ISPs derive their power?

    1. “Economic barriers: Economic barriers include economies of scale, capital requirements, cost advantages and technological superiority.

    2. Economies of scale: Decreasing unit costs for larger volumes of production. Decreasing costs coupled with large initial costs, often due to large fixed costs, give monopolies an advantage over would-be competitors. Monopolies are often in a position to reduce prices below a new entrant's operating costs and thereby prevent them from competing.

    3. Capital requirements: Production processes that require large investments of capital, perhaps in the form of large research and development costs or substantial sunk costs, limit the number of companies in an industry this is an example of economies of scale.

    4. Legal barriers: Legal rights can provide opportunity to monopolise the market in a good. Intellectual property rights, including patents and copyrights, give a monopolist exclusive control of the production and selling of certain goods. Property rights may give a company exclusive control of the materials necessary to produce a good.” (in the case of ISPs this is right of way, 1 touch make ready, and other laws the ISPs have convinced State governments to pass)

    5. “Manipulation: A company wanting to monopolise a market may engage in various types of deliberate action to exclude competitors or eliminate competition. Such actions include collusion, lobbying governmental authorities, and force (see anti-competitive practices).”

    (list pulled from Wikipedia)

    I know how fixated you are on Google so for example the ISP’s barriers are so massive they stopped Google from competing. Where the f*** do you think competition is going to magically come from when the barriers are so great that not even Google can breach them? Do you get it now? Your cry of free market makes no sense when even the biggest most powerful company you whine about can’t break into a market. I’ve heard you argue then we need to get more competition not regulation but you never say how that should be accomplished. Our idea is regulate the hell out of the ISPs such that maybe a Google can get a foothold. What is your brilliant idea for creating competition?

    reply to this | link to this | view in thread ]

  37. icon
    crade (profile), 22 May 2018 @ 7:14am

    Re: 'They did it too!' is not an acceptable excuse

    I mean it just proves their claims that they believe they are generating value and earning the money they get are all bullshit and they just looking to get fat off the backs of others in any way they can... Whats the big deal? It's not like we didn't already know that.

    reply to this | link to this | view in thread ]

  38. identicon
    Anonymous Coward, 22 May 2018 @ 10:46pm

    Re: Re: Re: In the works

    How about a spanner?

    reply to this | link to this | view in thread ]

  39. identicon
    Anonymous Coward, 23 May 2018 @ 9:26pm

    Murdoch only believes in his own money.

    reply to this | link to this | view in thread ]

  40. icon
    Eldakka (profile), 23 May 2018 @ 11:26pm

    I don't think Murdoch is a hypocrite.

    His one goal in life is to make money.

    Everything he says, his position on laws, regulations, whether pro or against, is solely for the purpose of making money, of gaining an advantage.

    reply to this | link to this | view in thread ]

  41. identicon
    Wendy Cockcroft, 24 May 2018 @ 2:32am

    Re: Re: Re:

    In practice, not in theory.

    reply to this | link to this | view in thread ]

  42. identicon
    Wendy Cockcroft, 24 May 2018 @ 2:34am

    Re: Re: Re: Re: Re: Re: All Regulations

    In any case, Chip is taking the ever-loving mickey out of that "Govverment regulations are bad" AC; it's a parody account.

    reply to this | link to this | view in thread ]


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