Opinion
Richard Holden doesn’t understand economics of media bargaining code
The logic is simple: it’s only fair for Meta to have to pay for the content of media businesses used to gain attention, data and monetised by selling advertising.
Rod SimsFormer ACCC chairOn this site on Monday, Professor Richard Holden stated that the News Media Bargaining Code ) “steals” money from Meta. He fails to understand the logic for and composition of the code .
It is unfortunate that Holden seems incapable of putting an argument without gratuitously insulting those with an alternative view. He alone, it seems, is the one possessing “basic economic logic and common sense”; yet these are areas where he, particularly, needs to show some humility. This is clearly not the way to promote the reasoned debate we need on complex topics.
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