« Edison's Magnetic Low-Grade Iron Ore Processing Inventions Might Have Succeeded | Main | Open Source Heartbleed Bug Sends Internet "into a Panic" »


Russia and China Redistributed Wealth "to Disastrous Effect"



SmithShane2014-04-26.jpg







Shane Smith, entrepreneur behind VICE media company. Source of photo: online version of the NYT article quoted and cited below.












(p. 10) You believe that young people worldwide are disenfranchised. Do you think popular uprisings will fix things? No. I'm actually worried, because I believe that it's going to get worse. Look, economic disparity is bad. But we've already tried having governments redistribute wealth. We tried it in Russia and China to disastrous effect.

News Corp. bought a 5 percent stake in Vice, and now James Murdoch is on the board. Why did you sell to them? I've said that I want to be the next MTV, the next CNN, the next ESPN. Cue everyone rolling their eyes. MTV went to Viacom, ESPN went to Disney and Hearst, CNN went to Time Warner. Why? Because to build a global media brand, it's almost impossible to do it alone. James has been involved in one of the largest media companies in the world since he was in short pants.

Do you ever fear that Vice will become legacy media itself? It's our time now. Then, I don't know, it'll be holograms next, and some kid will come up and eat our lunch.



For the full interview, see:

Staley, Willy, interviewer. " 'Have We Unleashed a Monster?': The Vice C.E.O. Shane Smith on His New Kind of News." The New York Times Magazine (Sun., MARCH 23, 2014): 12.

(Note: ellipsis added; bold in original.)

(Note: the online version of the interview has the date MARCH 21, 2014, and has the title "Vice's Shane Smith: 'Have We Unleashed a Monster?'.")






Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

HP3D5006CropSmall.jpg


















The StatCounter number above reports the number of "page loads" since the counter was installed late on 2/26/08. Page loads are defined on the site as "The number of times your page has been visited."


View My Stats