Słowa kluczowe: Fourth Estate, modern electronic media, Adam Smith’s Invisible Hand (ASIH), Robert Nozick, Friedrich Hayek, social structure as a computational process, local Legislative, Judicial and Executive powers, ultra-minimal state, media management, media economics, media policy JEL Classification: B12, L82, M15, RT, CCTV, propaganda, storytelling, extradition Bill, Hong Kong, media agenda, media coverage, media bias, election campaign, European Parliament, Twitter, TV news programs, Donald Trump, rhetoric, president, United States of America, social media, journalistic quality, quality management, economics of journalism, moderation, postmoderation, user generated content, Web 2.0, informational portal, audiovisual media services, law, European Union, visual communication, science poster, design of visual communication, design of scientific posters, media sector, risk, risk profile, risk management, “social media muckraking”, new media, investigation, pathology, public opinion, local community, local elections, local media, communication management, political marketing, museum, digital culture, digital museum, COVID-19, credit rating, outlook