Comment Business model of public mind control in jeopardy (Score 1) 294
The basic problem facing corporate content providers is that that the business model of institutions of public mind control is failing.
The market for premium content is insignificant in economic terms, to start with. This is from the Against Monopoly Blog:
According to the RIAA, the value of all CD's, live presentations, music videos, dvds in 1998 (from http://www.riaa.com/pdf/md_riaa10yr.pdf) was 13.72 billion US$.
According to the SOI, in 1998 the business receipts of the computer and electronic product manufacturing including both hardware and software (they do not divide it further) was 560.27 billion US$. This of course excludes the value of all the data stored on computers.
Even if one includes newspaper content, the numbers are economically insignificant, and declining. The numbers for IT were shown for comparison, and they are what economists would consider economically significant.
As long as content providers could profitably continue to set the agenda, filter information, and control the distribution of concerns, there was no problem. But now their business model is failing, as the internet attempts to route around the corporate control of the mind.