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When you get something like MTV, it's like regular television. You get it, and at first it's novel and brand new and then you watch every channel, every show. And then you become a little more selective and more selective, until ultimately... you wind up with a radio. ↗
A generation ago, or two, when there were three channels, plus PBS, and when you needed - when you needed 15 million people to make a living, the media could focus on the broad country. And most people had no choice about getting political information. It was there at 6:30 whether you wanted it or not. ↗
Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. ↗
