Can you blame the poor for the crisis?
Mass media is not to blame for the global economic crisis, a senior economist from a prominent international investment bank told The Wall Street Journal in an interview.
“The fact is the media is doing everything they can to distort the truth.
That’s not news,” said Peter B. Fisher, chief investment officer at J.P. Morgan.
“We know that the media and governments have been lying to the public about the economic crisis for a long time.”
Mr. Fisher was referring to a 2014 report by the U.S. Congressional Research Service that said there was “little evidence” that the U,S.
media has been telling the truth about the global financial crisis.
The report, which was funded by the Pew Research Center, found that “a significant majority” of American adults, or 67%, said that the global economy is in a recession.
That statistic was not enough for the Pew researchers, who were unable to measure how much Americans believe the media has reported the economic collapse.
The problem, Mr. Fish said, is that the news media, the banks and governments are not honest about the nature of the crisis.
“You can blame the media, you can blame governments, but it’s the fact that they have been doing everything possible to mislead the public,” Mr., Fisher said.
Mr. James said there is no such thing as a “perfect” media.
“As a rule of thumb, I wouldn’t say the mainstream media is perfect, but they are definitely not perfect,” he said.
“I think what’s more important than any particular story, as we saw in the financial crisis, is whether it serves the public interest, or the interests of the financial industry.”
Mr James, who has been a columnist for The Wall St. Journal for nearly 30 years, said he has heard many people who work in media say they do not know how to be objective about the media.
They have a very limited understanding of what it means to report the news.
“That’s the way we get to a level of discourse where the public can be persuaded to believe the stories we’re telling,” he added.
The Wall Streets Journal’s survey found that only one in five Americans trust the media to report accurate and accurate information about the financial collapse, while less than half of Americans believe there is a “trend in the national press” about the crisis, with only 35% believing that “the national press is doing a good job of reporting on the financial markets.”
Mr Fisher said he thinks the “public is increasingly aware of the media’s role in propagating falsehoods.”
“I don’t think there’s any doubt that the national media is being dishonest in reporting what’s happening on the ground,” he argued.
“What I think is really worrying is that a large part of the public is now seeing the media as the enemy, and so I think the public has grown increasingly distrustful.”
Mr Justice, who wrote the 2008 report that was cited by the Obama administration, said the financial media is “the most important enemy of democracy.”
“There are too many people, both in the corporate media and on the left, who are simply trying to make sure the country continues to believe that this is a crisis,” he told The Journal.
The Journal survey found a large majority of Americans have confidence in the media: 76% say the media are “very or somewhat honest about important news,” and 80% said “fair or poor” news reporting.
The survey also found that the vast majority of people believe the financial and economic crisis is not caused by the financial sector, while only 20% say that the financial system is responsible for the financial crash.
“When the news is that important to the country, there is an appetite for accurate reporting, and we see this all across the political spectrum,” Mr Justice said.