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only through unregulated media can society achieve ultimate knowledge and truth
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Regulated means controlled... thus limited in many means... and when it is limited, it cannot be engulfing and containing of ultimate knowledge and truth... In its hopes to refine media, it regulates it and thus diminishes a bit of its value which might be the means to achieve the zenith of knowledge and truth.
(I think I confused you more than helped you :S :D)