• fort_burp@feddit.nl
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    3 months ago

    Recent high-profile acquisitions include Jeff Bezos purchasing the Washington Post, Elon Musk buying Twitter (now X), and Patrick Soon-Shiong acquiring the Los Angeles Times. A billionaire consortium also bought significant stakes in The Economist.

    In France, far-right billionaire Vincent Bolloré has transformed CNews into what critics call the French equivalent of Fox News. In the United Kingdom, three-quarters of newspaper circulation is controlled by just four wealthy families.

    This is amazing. News and communication in the internet age was supposed to be democratised publication and agency to the voice of the average person, and it is to a small extent, but for the most part society was just like

    • StinkyFingerItchyBum@lemmy.ca
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      3 months ago

      I was a longtime reader of The Economist, but over time as I grew older and presumably wiser, I found it was not what it pretended to be.

      It loves to cloak itself in the legitimacy of rigorous economic research and neutral data driven positions, but it is really thinly veiled opinion pieces driving ideological neo-liberal economics. It’s a mouthpiece for billionaires to persuade educated laymen on a particular brand of **politics under the guise of the certainty of rigorous economics, while practicing ideological pseudo-economics.

      I cancelled my subscription a decade ago. I still read Public Library copies from time to time, but I find it obnoxiously disingenuous and dangerously lopsided with terrible conclusions. On rare occasion I find something ellucidating, I’m left to wonder if I can trust the source, or was it ideologically driven data fabrication or just a rare tossing the dog a bone for credibility.

      • namingthingsiseasy@programming.dev
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        3 months ago

        Your post is a succinct summary of the “study” of economics. It’s just supporting a conclusion in exchange for taking a bunch of bribes and cherry-picking data to support your argument.