THE MEDIA: Here is the news…..but where is the searching analysis behind the news?

Asked on a UK quiz programme who was shot dead in Dallas in November 1963, a thirtysomething contestant answered, “J R Ewing”. Fourteen senior FIFA officials have been arrested and charged with corruption in relation to World Cup venues and other serious issues. Tom Hayes, 35, who worked for UBS and Citigroup in Tokyo, made £4.8m in five years at the banks, during which he organised manipulation of the London interbank offering rate, known as Libor, on an almost-daily basis, it is alleged. A U.S. airman “with no apparent motive” walked into a Wal-Mart Supercentre in North Dakota early yesterday and opened fire with a handgun, killing one worker and injuring a second before turning the gun on himself, say police. A new study has claimed cash could be obsolete withing the next ten years and will be replaced with smartphone, credit card and tablet transactions. A woman has waived her right to lifelong anonymity to allege that a well-known politician was part of a VIP paedophile ring that sexually abused children in the Staffordshire countryside in the 1980s and 90s.

An increasing number of educated Westerners are ignorant. An increasing number of sporting institutions are crooked. Almost every banking, bourse and central bank around the world over the last five years has been caught illegally manipulating econo-financial reality. People with access to firearms kill people with what appears to be increasing regularity. The authorities want cash abolished, even though this is bad for economic recovery. VIP UK politicians stand accused of paedophilia on an industrial scale, but the motives of accusers remain the subject of fierce debate.

The news we get today – plus briefings, leaks and allegations that influence what version of the news we receive – serve largely to confuse through the medium of partial information. They’re also easily turned into rampant mob reaction with terrifying ease. Variously, “events” can be used as distractions, propaganda, hidden spikes rammed into bigger stories, and incitement. There are a number of reasons why this is so, but it takes two to tango: gargoyle-controlled media persuade poorly educated and time-starved citizens across the piece. Their chief weapon is puerile superficiality.

Here is my take on this, for what it’s worth….

The problems we face in the West are, at ground level, culture, education, and constitutional Law. In most of Europe and the US, the culture is shot to shit; in most places, the education is narrow and gullible; and constitutional law is being trampled on a daily basis. Hardly anyone in mainstream media writes about this, most voters never think about it, and pols keep insisting it’s a figment of the imagination.

Further below that, elites run almost everything from Wall Street to Warsaw – so there is a political process problem, social despair issues, and an economic version of capitalism that remains what it’s always been: an excuse for a few hogs to get fat, own media, and/or pay off the legislators, the police – and increasingly, the bureaucrats. Every single tenet of neoliberal economics has been found wanting in practice, and flawed in philosophy.

The analysis of this (in both digital and old media) is risible. Awareness of it among the political class is virtually non-existent. The level of commentary is at the lowest possible level of common denominator….this year so far, for example, an endless stream of rumour, guesswork and fictional truth-bending focused on Greek debt – and why it’s all the fault of the Greeks themselves. Next week maybe – Syria and why we like Assad after all. A week later, why Putin is just a mad old Commie who needs putting down. Mixed in generously are bond-yield spikes, QE, growth figures of 0.05%… fact all the events, but none of the analysis my generation took for granted. How silly we were to do so.

So the only way one can make progress in my medium is to pinpoint an area people do care about, because it involves money. As I couldn’t GAF about money personally, this is proving something of an enervating task for The Slog, when there are more fundamental causes of our myriad problems….but these are largely ignored in favour of that now ever-present participle “Breaking….”.
But OK, let’s say I stick largely to the econo-fiscal news and analysis. I ask you now to consider how simple the base problem really is – at least, to me:

1. Global monopolist multinational business cannot grow without a ready (and dangerous) supply of credit and regular replacement/innovation consumption.

2. The banks are neither providing credit for consumers nor start-up capital for entrepreneurs. So upstream or downstream growth within the system is impossible without a radical change of policy.

3. The radical change adopted by the elites has been to reduce the mass wage levels, throw wage-earners out of a job, reduce the welfare they get, and introduce Zirp to decimate the incomes of the credit-free retired. If one had set out to go from Slow all Engines to Dead Stop, it couldn’t have been more perfectly designed to achieve the task.

The nub of it is the San Andreas level of tectonic tension between the aims of the system and the needs of the Citizen:

The first needs low wages to compete, the second needs high wages to consume

It must sooner or later self-destruct. But when it does, the overriding culturo-constitutional fix will be fudged, and at best grey functionaries – or at worst psychopaths – will come to power…indeed, they are already doing so. One thinks of the Brussels fraternity, and the current UK leadership cabal, respectively.

They will not address the associated problems of population control, community devolution, developing beyond oil, water conservation, a deconstruction of globalism –  or exhaustive research into what’s really happening to the climate of this, the only planet we have.

Two complementary strategies are vital to the self-denial of my prophecy. First, the snipping of the umbilical cord between egomaniac owned media and the commercial elites. And second, more mutual engagement between the various Resistance movements online…in the context of planned and legal opposition, rather than robotic slogans promising violence.

My tags for this piece focus on the news. My categories focus on the analysis. I wonder what the result will be in terms of persuasive hits.

Recently at The Slog: The bonkers plan to burn cash money