Thursday, May 12, 2005
Talk radio and the free market,
A good place to see our free market at work is in the talk radio industry. Basically conservative talk radio does well and liberal talk radio doesn't do well. The explanation? In a word capitalism; the consumers make the choice to tune in to conservative talk radio more often. Since shows such as The Rush Limbaugh Show do so well, advertisers pay big money to have their adds during the show. So when advertisers run out, so does the show. That hasn't happened so far to any of the major conservative talk shows. It has happened to several liberal radio shows including Jim Hightower and Mario Cuomo. The individual consumer has the power in our economy, and thus his happiness drives our economy.