subject: Inside Business Report Scam [print this page] The inside story of business journalism is conflict of interest. The truth is in the lie that there really is any kind of true objectivity or professionalism in business reporting. Witness the news by CNN, Mad Money, The Wall Street Journal, up to the 2008 economic collapse. Nary a word was written or spoken about the dangers and potential negative consequences of derivatives, bloated housing prices, crazy mortgage lending, and so forth. Now, after the collapse, the inside business report scam is in the inter-relationship between the business and journalistic worlds.
These two sectors are themselves businesses and designed to make each other profits. Why report on dangerous business practices when your corporate office is complicit in them? Why question rank and naked capitalism when you stand to gain from it?
The inside business report scam lies with the myth that reporting is an objective action with no agenda or relationship to its reporting subjects. The problem with this myth is that it creates scandal when there should be none. If we truly understood the relationship between the business world, journalism, and entertainment, we would know that their incestuous relationship is no scandal at all.
The inside business report scam has as its first victim, the truth, or at least the belief in the truth. The lesson from this scam, this inside business review tv scam is that we cannot trust the major media outlets for critical thinking, for in-depth analysis about our economic and political worlds. It is up to us to be critical and philosophical about this inside business report scam and all others.
