If you read any of the business, publishing or entertainment press you’ll see stories about hard times in streaming world. This means Netflix, Amazon Prime Video, Max, Hulu et al. This is undoubtedly true. You’ve likely seen this in the rising prices you pay and the declining offerings your subscription gets you. I don’t write to dispute any of this. But it’s nothing new under the sun. It is more or less exactly what we’ve seen in the digital new industry. The same pattern.
Entrants raise large sums of money (or use cash on hand from other business lines) and then spend substantially more than your subscription merits. They lose money in order to build market share. At some point the industry becomes mature and then they have to convert the business to one that can sustain itself and make a profit. That means substantial retrenchment. Inevitably that means spending less on the product and charging you more.
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There’s a new poll out from Politico Magazine/Ipsos the results of which are straight out of Obviousville. But surprisingly few people ever go to Obviousville. So those results are worth discussing. The central finding is that the parade of criminal charges against Donald Trump are not in fact good news, politically or individually, for Donald Trump. More specifically, majorities (albeit bare ones) of Americans want his trials to be held before the election (61%), believe he’s guilty (51%) and believe he should go to prison if convicted (50%).
Critically, Politico notes that a substantial minority of the population (between a quarter and a third) says they’re not that familiar with the charges against Trump. Since the charges – especially those in the Mar-a-Lago case – are quite strong as an evidentiary matter that suggests there’s plenty of room for things to get worse for Trump.
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How did we get here? How did we not get here? By which I mean how many were the overlapping layers of bad acts, transgressions, crimes, lies that got us here? Looking back over the span of Trump’s presidency and post-presidency it’s not just one stream of actions building to this moment. There are so many, each of which might have gotten us here. It is almost as if — and perhaps this is the best way to look at the matter — Trump was determined to get us here even as we collectively, as Americans, resisted it.
Numerous American presidents have lost power at the ballot box. Every American president, save the eight who died in office, has voluntarily ceded power to his successor. There is no evidence that it so much as occurred to any of them not to do so.
Until Donald Trump.
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