Financial legislative reform would decentralize and diversify media industries. [causal]
The key insight is that financial reform is also media reform—popular, actionable legislative changes to taxes, capital gains, carried interest, antitrust, and executive pay could reform the financial and corporate sector, which would have the effect of reforming the media sector. Rather than channel massive profits to the wealthy, the cultural industries could provide a living wage to hundreds of thousands of workers. With this diversity and decentralization, there would likely be far more stories and songs that speak to the pressing issues of climate, racialization, inequalities, injustice, and democratic decline.
SEED: Could be an essay angle connecting corporate tax policy to cultural output and media plurality.
Andrew deWaard, Derivative Media, loc. 55