Saturday, 27 June 2009

What did you expect of a monopolist?

Many people have been shocked at the sheer waste of top BBC management in their lavish expenses,( and even more at the size of their salaries - many of the top echelon earning more than the prime minister.)

The BBC is a monopoly, because it is financed by a poll tax on anyone who wishes to watch TV, even if they never watch the BBC channels.

All monopolies, without exception, will be inefficient, self-regarding and producer orientated. Is it, then, any surprise that they look after themselves so well? Is it any surprise that it can enjoy its own biases and values when it broadcasts what purports to be news?

It has a captive audience who have no option but to pay. The nearest equivalent would be the situation that in order to look at the website of any newspaper at all, you have to take out an annual subscription to the one which has captured the government protected monopoly to the money.

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