Yeah but who cares about the media?
Ironically, I was listening to network news on WFEA-AM at 3PM
right before Howie came on, and they were trumpeting a 700+ drop
in the Dow with one more hour of trading left in the day.
The rocket surgeons in the financial media were blaming it
on breaking news about the Delta Variant,
and something else of similar (non) importance.
I realized that back in the day the financial newswires
were probably leery of spewing
total BS,
lest it attract an SEC investigation for gaming the markets.
Whereas now they not only
can't distinguish between
received objective truth and the outright lies they themselves make up,
but they probably get brownie points for sabotaging the markets.
If the financial press is tanking like that,
it may make it easier to make money in the market.
If you can think for yourself, you can outmaneuver the masses
frantically pulling the wool over their own eyes.
I know people who think the news is real. Maybe they're deluding themselves, maybe cognitive dissonance, but it seems to me that a huge # of people don't think "the news" is propaganda.
There may be a variant of
Gell-Mann Amnesia operating.
They may wander around in total agreement that
everyone
else's news is biased,
but
their news source is trustworthy.
Like I mentioned before there are a lot of people out there addicted to outrage.
In 2000, I toyed with the idea of sending articles on a recurring theme
to my regular EMail correspondents. If successful, I could have expanded it
into a blog. The theme was "People Are Upset".
I sent one message:
Date: Mon, 13 Mar 2000 13:44:28 -0500
Subject: People Are Upset: MADD upset with PETA pro-beer/anti-milk campaign
People Are Upset, V1#1
Bonus: the International Dairy Foods Association is upset with PETA.
It just doesn't get any better than this.
Your correspondent,
/AHM
CNN of course tossed the (AP) story down the memory hole
some time in the past 21 years.
However, this CBS article is a good substitute:
Pulls Parody Ads Because Of Underage Drinking Concerns
www.cbsnews.com
The bigger problem is what do we do with these people who are outraged all the time? How do we reel these people in instead of being angry and outraged every second of the day? A lot of these young people are going to grow up, inherit their parents home and wealth. Maybe then they'll be happy I don't know, but addiction to rage is a real mental health problem that needs to be recognized.
Don't lose sleep over it -
if they inherit their parents' wealth,
and they don't just piss it away,
their children will piss it away.