Bankrupting The Guardian

Guido has always believed that the nature of the statist BBC and the non-profit making culture of the Guardian encourages a statist and non-profit making culture to dominate the thinking of the political class. These two media organisations of course see themselves as providing intellectual and moral leadership. The knee jerk “government must do something” attitude of the two organisations supports the statist consensus. Breaking that consensus is an essential condition for the post-bureaucratic age.

Crucial to creating an enterprise culture and undoing the all-party, semi-socialist culture which prevails in Britain is shattering this media hegemony. Reducing the scope of the BBC is essential to this long term goal. The BBC is the primary reason Britain does not have a Silicon Valley culture, the multi-billion pound tax subsidy crowds out competition, undermines innovation and makes it impossible for rivals to compete profitably. The Tories are only tentatively thinking about “harm reduction” policies towards the BBC. The Guardian is far more vulnerable…

The Guardian is financed by a charitable trust (ironically taking advantage of tax exemptions) the two main sources of income supporting that trust are the profits from Auto Trader and the public sector advertising that fills page after page of the newspaper. One of the first thing the Tories should do in power is set up www.jobs.gov.uk. All available public sector positions would be listed there free of charge, this would save hundreds of millions in advertising costs for the taxpayer and deprive the Guardian of a critical revenue stream.

The second income stream has always been vulnerable to competition. Auto Trader profits have financially supported the salaries of the journalists who write environmentalist anti-car editorials in the Guardian. Now a group of former journalists from Autocar Magazine and Auto Express magazines have launched an online-only magazine Drivers-Republic.com. With a bit of luck it will be a deadly competitor to Auto Trader…

Without the taxpayer subsidy and the profits from Auto Trader, the Guardian could go the way of the Morning Star. Once it was deprived of subsidy, after the fall of the Soviet Union, it became an irrelevance.

UPDATE : Tim Montgomerie emails to tell me it is already Conservative Party policy to bankrupt the Guardian.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Ed Miliband goes studs in on Theresa May:

“When PM says “nothing has changed” she is lying. If she lies about this what else?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sneering Thornberry Sneering Thornberry
Ministers Wheeled Out to Defend Ditched Care Policy Ministers Wheeled Out to Defend Ditched Care Policy
Watch: Crick Roasts “Weak and Wobbly” May Watch: Crick Roasts “Weak and Wobbly” May
Protester Arrested at May Wrexham Visit Protester Arrested at May Wrexham Visit
Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Sunday Shows Sunday Shows
Read Tory Manifesto In Full Read Tory Manifesto In Full
Green Leaders Cringe Skit Green Leaders Cringe Skit
Never Ending Tory Deficit Reduction Horizon Never Ending Tory Deficit Reduction Horizon
LibDem Collapse Explained LibDem Collapse Explained
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Cult of Corbyn Cult of Corbyn
“Labour is Chocolate Gateau: Too Much Makes You Sick” “Labour is Chocolate Gateau: Too Much Makes You Sick”
Labour Election Broadcast Star’s “Tax Efficient” Accounting Labour Election Broadcast Star’s “Tax Efficient” Accounting
Reporter Grabs Boob Live on BBC Reporter Grabs Boob Live on BBC
Liar Clegg Brillo’d Liar Clegg Brillo’d
Listen: Was McDonnell Handed Deficit Note? Listen: Was McDonnell Handed Deficit Note?