kleptocratic media is not conducive to an open society. Each individual seems to maximize rates of returns across their own portfolio, which does not necessarily maximize production or well-being or veracity. Each actor is rational individually: the problem is incentives.
Further, market regulators are under the same kinds of pressures. And politicians require ever increasing capital to campaign. Not to mention personal self-interest.
https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/
Citizens United etc etc