I wonder whether this was inevitable in the sense that everything must be capitalized on. Securities and futures stocks are the obvious example, but if a group can tailor a market to follow their predictions, their predictions must be true, to a large degree. How do we prevent this in the future?
Another argument is that the working class may not have time to actually read and digest more complicated media. I know if I work 12 hours a day five or six days a week, one of the last things I want to do is come home and read through war and peace, and I even have trouble with the little I do read, because of my lack of focus. These larger stories are “safe”, precisely because they are easy to digest and put on a platter.
Great article, food for thought