Just an interesting thought I had.
I often moan about the lack of depth of knowledge of some of our most prominent journalists.
We talk about the systemic failure of the economy and look for scapegoats.
We start with builders. many of them are going bust with huge debts and should have known better i.e. where did they think all the demand for 100,000 new units per year was going to come from?
But they could not have got themselves in the mess they were in without the vast amounts of money thrown at them by the banks. Who do we blame for this? Bank staff or shareholders or even debt holders?
The banks could not have been allowed get us into this mess if they had been regulated properly, so staff at the regulator and the government would seem culpable here.
Finally though, we got the government we voted for and accepted the way things were going for most of the decade. How did we get it all so wrong? Were our attitudes wrong or were we simply not giventhe information we required from those responsible for informing the public i.e. the journalists?
Could it be that journalism in this country is dominated by people incapable of giving us a critical, unbiased and unsensational analysis of the state of things?
I often moan about the lack of depth of knowledge of some of our most prominent journalists.
We talk about the systemic failure of the economy and look for scapegoats.
We start with builders. many of them are going bust with huge debts and should have known better i.e. where did they think all the demand for 100,000 new units per year was going to come from?
But they could not have got themselves in the mess they were in without the vast amounts of money thrown at them by the banks. Who do we blame for this? Bank staff or shareholders or even debt holders?
The banks could not have been allowed get us into this mess if they had been regulated properly, so staff at the regulator and the government would seem culpable here.
Finally though, we got the government we voted for and accepted the way things were going for most of the decade. How did we get it all so wrong? Were our attitudes wrong or were we simply not giventhe information we required from those responsible for informing the public i.e. the journalists?
Could it be that journalism in this country is dominated by people incapable of giving us a critical, unbiased and unsensational analysis of the state of things?