Australia’s clash with Facebook ignores basic economics

Published February 22, 2021 3:58pm ET



We are suffering a mass outbreak of cakeism. This is, as the British Prime Minister Boris Johnson has noted, that desire to both have one’s cake and eat it, too. This is human, greedy, and also logically impossible in some cases. Sadly, the entire journalistic profession is engaged in a frenzy of cakeism.

It began in Australia, where the government is attempting to force Google and Facebook to pay newspaper owners for the inclusion of reporting in their search engines and news feeds. Many journalists paint this as just, righteous, or a last-ditch defense of democracy. That it’s ludicrous doesn’t seem to have struck anyone yet.

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