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Mar. 1st, 2013|12:14 pm

brookings
oi the younger generation..:)
tur bija rakstiits zem video

"He explained why he himself didn’t get money:

“Why didn’t I get money?”

- “I didn’t have to! I didn’t know I could get it, no-one was asking me to get it, and my day-to-day job was trying to find out what a derivative was and how it related to gold.”

And then he listed some further reasons why the journalists and the media don’t understand money:

- Journalists are no smarter than the rest of us.

- They flock to those in power – and he said, “power” can also be expressed in terms of huge amounts of wealth, rather than a formal position.

- It’s not in the interests of those in power to speak to journalists about how money is made and its consequences.

- They are under no pressure to understand from editors (who don’t understand either).

- The audience isn’t clamouring to understand where money comes from. They might not even know that they do not know.

- They are understaffed and under pressure, which leads to fast writing. This situation doesn’t lend itself to deep thought.

- They are pack animals, there are few real contrarians.

- They have their own ideology – which is often that of the paper.

- Fear of backlash (flak)."
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