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So why did journalism fail? One only needs to examine the financial industry’s elaborate programmes to cultivate the media to realise that journalists are confronted with significant conflicts of interest between their job as reporters and individual desires for recognition, access and advancement. Banks lobby journalists in the same way they lobby any other constituency: through measured public affairs departments, conferences and parallel marketing. Good journalism requires access, and there is a whole hierarchy of access, institutional ranks, and so-called information: who gets invited, who is asked to speak as a “media leader”, who attends dinners. How can a journalist resist the machine that treats him so well?
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Number of U.S. congressional districts in which trade with China has produced more jobs than it has cost:
Young bilingual children who learned one language first are likelier than monolingual children and bilingual children who learned languages simultaneously to say that a dog adopted by owls will hoot.
An Oklahoma legislative committee voted to defund Advanced Placement U.S. History courses, accusing the curriculum of portraying the United States as “a nation of oppressors and exploiters.”
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“He could be one of a million beach-bound, black-socked Florida retirees, not the man who, by some odd happenstance of life, possesses the brain of Albert Einstein — literally cut it out of the dead scientist's head.”