Media

Thank Herbert Hoover for the modern media cartel.

"Harding appointed him Secretary of Commerce. Hoover then oversaw the nationalization of the airwaves. He created the Federal Radio Commission, which became the Federal Communications Commission. Instead of selling air space to the highest bidder — the free market solution — he let the FCC license and periodically re-license broadcasters. This became the basis of the second most important cartel after the banking cartel: the media cartel. This was the origin of the mainstream media."

Yep. He was also the originator of New Deal.