To all the newspapers I loved - by Branko Milanovic

#politics #media #propaganda

Anwar Shaikh, the most left-wing economist in the world, introduced me to “The Wall Street Journal”. I met him in his office as he was writing the monumental “Capitalism: Competition, Conflict, Crises”. He told that he reads the WSJ because it tells the truth about what is happening in the economy. It struck me then by the seeming oddity of the most left-wing economist in the world praising the most right-wing daily in the world. But Anwar was right. An economics daily has, in the part that deals with the real life, to be as objective as possible because if it spreads fairy tales people who believe them will lose money. Then no capitalist will buy it. For they do not like to lose money. In the trade-off between the fairy tales and cash, they chose the latter. Other dailies that appeal to the “pensée unique” do not need to worry about that kind of elemental truth. They can make things up.

https://branko2f7.substack.com/p/to-all-the-newspapers-i-loved