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Coverage of economic issues is shallow at best in most media. The reasons for this are probably a combination of factors: - Economy is hard and the fact that n
by mixmax 18y ago
Coverage of economic issues is shallow at best in most media. The reasons for this are probably a combination of factors:
- Economy is hard and the fact that not even economists agree on cause and effect, predictions, indicators, etc. doesn't exactly make it easy being a journalist faced with the task of writing about it.
- The medias sources all have more or less obvious interests. When you interview a banker or a stock broker he will have an agenda, and often want to talk the market up or down. The media should rely more on academic sources that are presumably less biased.
- Economic issues don't lend themselves to being explained in a one column article digestible by normal media consumers. It's a difficult subject full of intricate dependencies and difficult words.
These things mean that most journalist go pretty lightly on the economic coverage and are easily influenced by banks, brokerage houses and other actors that have an interest in setting an agenda. And I think it's a huge problem.