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Gina Rinehart Is A Bloody Heroine

From James Delingpole:

Here we are in a world turned so ignorant, self-hating and wrong that not just thwarted lefty journalists but a host of celebrities too actually believe that there is some merit in the argument that a failing left-wing media organisation should be permitted by some special charter arrangement to go on spewing drivel regardless of the bottom line or who owns the business or whether the readership gives a damn anyway. 

In a letter to Fairfax’s Melbourne newspaper, The Age, a range of prominent Australians including Malcolm Fraser, the former prime minister, Nobel Prize-winning scientist Peter Doherty and the actor Geoffrey Rush today urged the Fairfax board not to abandon the charter.

The fact that we live in this World of Stupid is precisely what makes Gina Rinehart’s move on Fairfax both so heroic and so very necessary. It’s heroic because so few business people put their money where their mouth is these days, never championing free markets when they can do better via cosy regulatory stitch-ups with big government instead. And it’s very necessary because, as I argued yesterday and will no doubt many times again, the world economy is on the brink of a precipice.

The things that have brought us to the edge of that precipice are the things that Gina Rinehart has spent her business career opposing: over-regulation; destructively high taxes; bureaucracy; government meddling; and insane overspending by the state.   Gina Rinehart is doing what all business people should be doing, but which so few of them are. She is sticking up for the free market system which is the only way we’re all going to get of this mess in one piece.

Gina Rinehart is a totally bloody heroine – and Australia should count itself very lucky to have her. As should those wretched ingrates at Fairfax Media.

James also has some nice things to say about Australian coffee.

Fairfax Comedy Hour

Ha, ha, ha, ROFL.

Wayne Swan says Gina Rinehart’s interest in Fairfax is a threat to democracy. No Wayne, that would be a minority government that introduces destructive legislation it promised it would not introduce, then spends millions on bribes to retain power.

Communications Minister Stephen Conroy (who?) says Gina Rinehart is not entitled to trash the Fairfax brand for other shareholders. No Stephen, she doesn’t need to. The crony crowd of Karl worshiping clod-hoppers who call themselves Fairfax journalists have been doing that for years.

Meanwhile, back at boring central, David Marr, who seems to find it difficult to think rationally at any time, offers the following brilliantly irrational analysis:

The charter which gives journalists complete control over the Fairfax product “Has protected the assets of Fairfax. It has protected the readers, it’s protected the community and it’s also protected the journalists and that is now what is under direct challenge by Mrs Rinehart.”

He may have a point about the readers, if he means they have been protected from ever having to read an opinion that might cause them to rethink their own.

But “has protected the assets of Fairfax”? Only if protecting means acting in such a way that the share price has fallen to about ten per cent of what it was five years ago, and two state of the art print plants must be sold off to keep the company going.

“Protected the journalists”? Really? Almost all daily papers have seen declining circulations over the last ten years. But Fairfax papers are right at the bottom of the pile. They offer a product few people want. That does not lead to a secure work environment for journalists.

If you grow pink mushrooms, and they sold well for while but now they don’t, you can’t just sit around whining about it and demanding the government support your right to keep growing pink mushrooms. Grow something else, something people want. It’s the same with newspapers. You do not have the right to keep producing a product nobody wants. Well, you do, you just don’t have the right to demand people pay for it.

Journalists, readers and public will all be better served (and protected, whatever that means) by a Fairfax press with a sound business model, and a board that encourages, no, demands, the production of news and information services that offer Australian consumers worthwhile products at a reasonable price.

But hey, let the Fairfax journos go on strike with the printers. No papers is a great way to undermine the share price even further, and maybe some Age readers will pick up another paper by mistake and discover what they have been missing.

© 2024 Qohel