The writers at the New York Times always bemoan big corporations and the profits they make. Like most liberals, they don’t understand that prices are set by a market and not arbitrarily set by evil, greedy capitalist. It may feel like Microsoft can charge anything they want for software, but it isn’t true. There are alternatives to Windows and there are alternatives to Office…and as our video games and phones get more powerful…there are alternatives to the PC. Power in the market is fleeting and the more a big corporation abuses its #1 position, the faster they will fall from the top.
The writers at the New York Times should understand this better than anyone. At one time, they controlled what news was presented. At one time, the Times was at the top…but times have changed. Internet news, FoxNews, talk radio and bloggers have all challenged the times and they are dying the death of a thousand cuts. The New York Times not only lost control over the news that is presented to America, their stock has been declining for years. In a disparate attempt to save their outdated business model, the times is planning on charging for access to their web site. It won’t work. Even their liberal readers aren’t that stupid. There is too much competition now.
So being at the top doesn’t secure business. Companies must give customers what they want at a price they will pay. The New York Times is a classic example of a company that fails when they try to force their customers in a direction they don’t want to go. It amazes me that writers at the times continue to hold their believes while living the example of why their philosophy is dead wrong.
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