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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:
Amount British Nuclear Fuels paid the British Scouts last year to add its logo to their scientist badge:
Roughly 80 percent of U.S. cocaine was thought to be contaminated with a drug that causes skin tissues to rot.
Ohio was judged to be the most profane state.
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“This is the heart of the magic factory, the place where medicine is infused with the miracles of science, and I’ve come to see how it’s done.”