Fake News: Part 2
Submitted by ek hornbeck on Thu, 12/22/2016 - 9:52amThe Legacy Media decries "Fake News" because they long for their lost status as "Gatekeepers", not because they have any scruples about propagating falsehoods and propaganda even of the most Goebbels/Völkischer Beobachter sort (see Part 1).
What is a "Gatekeeper"? Well, another word for it would be "Middleman", someone who inserts themselves into a transaction to profit from it, taking money from both sides for their supposed services as a "facilitator" while in fact contributing nothing. A non-Media exemplar would be Health Insurance, which is not at all the same thing as Health Care. The putative "service" they provide is mediating between you and the catastrophic cost of serious illness. They do this by charging you exorbitant fees, excluding large portions of minimal preventive care (high deductibles), and "sharing the risk" with a larger population which is not actively sick.
Under the Affordable Care Act (an oxymoron commonly known as Obamacare) they are granted a lucrative Government Monopoly codifying many of their worst practices. True they are no longer allowed to exclude people because of prior conditions, but they are still able to deny people needed care on the whims of an actuary and are guaranteed a 20% profit and delivered a captive clientele by the police power of the State.
Why do we need them?


