Top Gear is produced by the British Broadcasting Corporation, as many know it as the BBC. The BBC is funded by this fee applied to all British residence with a television. There are different rates such as black and white or colour.Now whether you watch the television or not, you still have to pay the annual tax. So this funds shows like Top Gear, the Inbetweeners and the Weakest Link. The Americans have recently copied this programme with one on the
So what does this great show have anything to do with Free Markets. Well, the BBC is far from a free market. Shows are given money from the British tax payers and are rarely dependent on rankings. The advertisement sure adds some, but the BBC still funds the show. It was also born as a concept not in a Free Market. Shows are allowed to fail for a lot longer on the BBC before they are taken off. In America's Free Market television we have the reverse effect! We have shows on that cost very little and are shoved down our throat.
Why you should be angry
Of the top 10 shows in America by rating, only two are written, and its actually the same show twice!(NCIS). American Idol, The Voice, and the NFL all come in front of Modern Family, How I Met Your Mother and The Office. American's are watching the cheapest shows! How is this possible? Well lets assume that a tv channel is a Business (unlike the BBC). In order to raise profits you need to do two things, 1 get more customers(which is somewhat already capped) or lower costs. The TV companies have lowered cost by getting rid of writers (or in our Top Gear case, giving a lot of money to blow things up). Even MTV has bought into this. This is truly why you should be angry. The Jersey Shore has more reasons (the fifth one is finishing production) than Arrested Development! Sure what my blog is saying is that if we had the BBC, Arrested Development would still be around. But the sad part is, the Jersey Shore is unlikely to go away soon. People watch a bunch of drunk idiots get in fights. How much does that cost? It costs one really good film editor and few lawyers to fight off potential lawsuits. Anyone with a home camcorder could do this [disclaimer:: do not attempt]. Other than that, it costs MTV nothing! Think about all the money they are saving from props, to filming time to actors to writers and all the things that go into quality television. The advertising pushes us to shows like this, the TV companies like to save money. The BBC on the other hand, would rather send a bunch of blokes to America to race cars, who cares how much it cost!
I read a great article over at grantland (linked here) by Malcolmn Gladwell that said sports are not a Business.Despite me agreeing, they do have a market and it is free. This is another free market that is failing us.
Baseball : I don't think I say this enough on this blog. I hate the Yankees, here, I'll say it again, I hate the Yankees.However, the Yankee's do not hate their Free Market. The Yankees have been to the World Series 40 times, more than any other team in history. They have won