...to highlight this article. It is genuinely as helpful as the majority of articles on the subject that I've seen in the broadsheet and tabloid press of our country.
Why are we so badly informed and unable to pin down the root cause of our current problems? Because the information we would need to make sense of the situation is not being widely disseminated. Why is the information not being disseminated? I don't know. As much as there is a small but growing ground-swell of genuine anger at politicians for protecting a small number of 'haves' at the expense of a large number of 'have-nots', I can't help but feel that journalists are at least equally culpable for not explaining the clear facts of how the financial system operates to the public. The first step to change, is to admit that you have a problem.
Journalists such as Robert Peston (who in the UK is probably the most read financial journalist by some margin) does a great job of dancing around the periphery of what's going on, while somehow managing to never dig into the real meat of what's happening in the world of finance.
After a while, such studied ignorance starts to look about as convincing as James Murdoch's protestations that he:
a) doesn't read his email.
b) managed to go through a meeting the following week on the subject of the email that he didn't read, without getting an inkling that something might be wrong.
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