David Young (The Australian, Letters, 20/6) is only half right when he asserts that Fairfax’s woes are caused by “the most democratic of institutions, the free market”. The most democratic of institutions is in fact universal suffrage, something the market will never produce. It may well have forced media restructuring, but as long as people do not have equal economic power, there is nothing democratic about it.
Nor does the market guarantee balance or quality, which is why we have government-resourced media, whose “aura of legitimacy” is not “spurious” but earned by recognised journalistic rigour and merit which is the envy of commercial media. Nonetheless, if Mr Young objects so strenuously to their existence, he may prefer to get his information from market-driven sources, like say, “Today Tonight”, or perhaps “The Bolt Report”.