trickybeck wrote:
The humorous thing is that gbaji is normally the #1 supporter of the free market. And now in a case where someone is ousted through free market economic pressure and not government intervention, he complains that it wasn't fair
No. You're correct. I normally fully support the use of boycotts and economic pressure to resolve social issues like this rather then "marching on Washington" type solutions.
My concern in this case, is twofold:
1. The "outrage" was generated via political process, not naturally as a result of the action in question. If we were talking about people who listen to Imus' show calling the sponsers and complaining, or organizing some sort of protest against his remarks, I'd have no issue with it. But in this case, the outrage wasn't those who were actually invested in any way with the advertising on his show.
2. There's no evidence that the outrage was anywhere near enough to actually have impacted the sales or advertising revenue of the principles involved. A free market "solution" would involve people actually carrying through with their threats. Vote with your dollars. But that's not what happened here. The sponsors responded to a political debate that was largely exagerated by the media and pulled his show *before* there was any actual economic backlash. In fact, I'm reasonably sure that there would not have actually been any if they'd chosen to ignore it.
Thus, this wasn't a true free market process. It's a hijacked process. Hijacked by whom? I'm not sure. But hijacked it was. The sponsors were not afraid of the dollars lost due to "the people" being upset about this issue. They were afraid of the political backlash that could be brought against them much much more. I'd argue that that is very much antithical to a free market.
Do you really think this had to do with them being afraid that they might lose some customers? Or that the FCC might clamp down on them, or they might have a harder time getting that federal licensing deal, or might not get suppport the next time they want to fight an anti-trust case? This was very much about political pressure, not economic.
And ultimately, it misses the key point. Why? Why was this issue made into a "big issue", while other's that are vastly more harmful are given a pass? All one has to ask is "who stands to win?" and "who stands to lose?". I'd go into a long diatribe about how the social and political structures in place in our nation benefit by *not* actually fixing social problems like this, but rather simply convince people they are "on their side" on the issues, but this post has already been long enough.