Quote of the Day: “The key insight of Adam Smith’s Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” Milton Friedman
Toronto Star publisher and owner Jordan Bitove made a speech at a Canadian Club luncheon in Toronto yesterday and Josh Rubin from TorStar just happened to be there and reports on the speech on Page A11. Rubin tells us that Bitove made an “impassioned plea Thursday to Canadian corporations and governments to step up and support journalism, arguing that it is essential to democracy and that smaller communities are being starved of essential information”. Of course Bitove made the same old and debunked arguments that: “…big tech companies including Google and Meta have drained crucial advertising revenue from media companies, endangering journalism’s business model and indirectly, democracy itself.” Yes, Google has “drained” revenue from newspaper’s broken business model. See – this is Google’s fault – not the fact that businesses would rather spend their advertising budgets where they believe they get the most return. All advertising dollars rightly belong to Bitove and his newspaper buddies – just like it was 100 years ago. Idiot.
Susan Delacourt, who constantly brags about her close relationship with Justin Trudeau, has on op-ed in place of the Editorial today. The words “deficit” and “debt” aren’t mentioned once in her column. Nonsense.
Christina Jennings is founder, chairman and CEO of Shaftesbury. This company sells “content known for innovative storytelling and building successful brands” according to its website. It appears that they sell a majority of this brilliant content to the CBC. In an op-ed on the Editorial Page today, she tells that without the CBC, then this just oh-so-wonderful programming wouldn’t be available to us lowly Canadians. How terrible. Oh, by the way, have you looked at the Nielsen TV Ratings for Canada recently? Have to counted the number of CBC shows in the top 25? A blind carpenter has more fingers on one hand than CBC programs in the top 25… Idiot.