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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)
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(Swell Media/Getty Images)
Is It Time to Rein in Kleptocrats Who Seek to Dominate the World's Information?
It’s an increasingly prevalent phenomenon across the globe: media companies are being taken over by business tycoons and kleptocrats less concerned with honest journalism than with their own political and financial self-interest. Their wealth itself isn’t necessarily a problem. There are genuine philanthropists now sustaining serious news publications and opinion outlets, and serious investors seeking new revenue streams to pay for high-quality news. But the overall trend is disturbing.
What to do? Are there safeguards that governments can put in place? Does that even make sense in a digital age? How might governmental responses be squared with Western faith in free economic competition? Does that still offer a path forward, or is the global erosion of media freedom best described as a market failure?
On Thursday, December 1, Hudson Institute’s Kleptocracy Initiative hosted the first in a series of debates on kleptocracy and democracy. Featuring Hudson Visiting Fellow Martha Bayles of Boston College and Megan McArdle of Bloomberg View, this event was held at the 5th & K Busboys and Poets.
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Related Research
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(Fox News Screenshot)
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(Screenshot via YouTube)
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Pope Francis meets with beneficiaries of charitable organizations at the headquarters of the Indonesian Bishops’ Conference on September 5, 2024, in Jakarta, Indonesia. (Vatican Pool via Getty Images)
