The leading financial publications have misled their political and investor subscribers of emerging crises and military defeats which have precipitated catastrophic political and economic losses.
The most egregious example is the Financial Times (FT) a publication which is widely read by the business and financial elite.
In this essay we will proceed by outlining the larger political context that sets the framework for the transformation of the FT from a relatively objective purveyor of world news into a propagator of wars and failed economic policies.
In part two we will discuss several case studies which illustrate the dramatic shifts from a prudent business publication to a rabid military advocate, from a well-researched analyst of economic policies to an ideologue of the worst speculative investors.
The decay of the quality of its reportage is accompanied by the bastardization of language. Concepts are distorted; meanings are emptied of their cognitive sense; and vitriol covers crimes and misdemeanors.
We will conclude by discussing how and why the ‘respectable’ media have affected real world political and market outcomes for citizens and investors.
Political and Economic Context
The decay of the FT cannot be separated from the global political and economic transformations in which it publishes and circulates. The demise of the Soviet Union, the pillage of Russia’s economy…