Incorporation: A Fool’s Game

Meet Bob, the owner and editor of a struggling newspaper.

Circulation and interest in his publication remains pretty stable, but advertising revenue dropped precipitously over the last several months. He’s on the verge of shutting down the presses when a very wealthy businessman comes and offers to underwrite the entire venture. He woos Bob with a passionate speech about his commitment to news. He tells Bob he values hard hitting reporting and talks about “speaking truth to power.” He even expresses a willingness to take a loss for the sake of keeping journalism alive in their town.

The businessman comes to the table with just one condition: he gets to make the final decision on all content.

Understandably, Bob feels somewhat reluctant initially.

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Distrusting Government: It’s a Good Thing

Walter Williams writes: “The heartening news for us is that state legislatures are beginning to awaken to their duty to protect their citizens from unconstitutional acts by the Congress, the White House and a derelict Supreme Court. According to an Associated Press story, about four-fifths of the states now have local laws that reject or ignore federal laws on marijuana use, gun control, health insurance requirements and identification standards for driver’s licenses. Kansas Gov. Sam Brownback recently signed a measure threatening felony charges against federal agents who enforce certain firearms laws in his state.”

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