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Comment by schmidtleonard | Hacker News Reader

You are missing the forest for one very odd tree. Yes, the tree is wacky, but

* Every private media company has beneficial owners * Those beneficial owners are rich * Rich people who own things for a living have incentives opposed to those of most people, who work for a living

These are not conspiracies, they are just basic facts of capitalism.

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Better to put "facts" in quotation marks considering that is clearly a statement of opinion, and a fairly caricatured one at that.

I haven't downvoted you, I am curious. Why do you disagree? In what relevant ways are their interests aligned?

That there are a select few who own the capital, and that those people generally do not overlap with the people who work, is more or less the original definition of capitalism. And I don't think its controversial or a caricature to imply that those two groups will have different incentives.

From Wikipedia [0]: `The initial use of the term "capitalism" in its modern sense is attributed to Louis Blanc in 1850 ("What I call 'capitalism' that is to say the appropriation of capital by some to the exclusion of others") and Pierre-Joseph Proudhon in 1861 ("Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labor")`

[0]: https://en.wikipedia.org/wiki/Capitalism#Etymology

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