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Consider: television networks have been in Malthusian competition for decades. You'd think the quality of the median TV show would increase. Instead, it seems like the quality of the best TV shows (on every network) consistently increases, but the median show stays the same.

It’s simple economics. AMC, as an example, doesn’t have to have a ton of great shows to be carried on cable companies and to get them to pay to keep AMC on. They only need the “Walking Dead”. Enough people would be very upset if they couldn’t get that one show via cable.



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