Business Cycle & Economics Blog of Caleb Lawrence
There is little economic data today but we do have a couple of good examples of what’s wrong with the government and the media while picking up some historical background on the current crises. First up is a piece written by Zach Carter for the nation where he talks about John Dugan, refereeing to him [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
