The MSM News is in the Business of Deception.

 

The News has a fiduciary responsibility to sell falsehoods to the public. What? A responsibility? Yes indeed. But let’s ask Uncle Miltie why.

Milton Friedman, the famous or infamous Noble Prize winning economist, and his ‘Shareholder Value’ philosophy brought us this famous quote:

“There is one and only one social responsibility of business — to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

Milton Friedman, New York Times Magazine (September 1970)

We ‘might’ be fine today if the full quote above was what is regularly referenced and followed, but most references stop at ‘profits’, because playing by the rules and being competitive and honest threatens said profits.

Friedman’s philosophy was tweaked in the 80’s by Hollywood.

“The point is, ladies and gentleman, that greed — for lack of a better word — is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind.

And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the USA.”

Gordon Gecko, Wall Street (1987)

 

Greed is good.

Greed is God!

I was a 19yo and at University attending Business School when Wall Street came out, and saw this movie in the theater. Rest assured this movie had a tremendous impact on American culture. It helped justify the ‘yuppie’ movement of the 80’s. Greed is good? Don’t tell your pastor/minister/preacher. But the god of America today is no longer found at your local Church, the god of America today resides at your local Bank.

No Mr. Gecko. Greed will not save Teldar Paper or the Corporation of the USA. Greed is a corrupting force. Greed is not right, it is wrong. Greed does not save, it destroys. Greed does not create, it steals.

You mark my words. Greed is going to destroy the USA. And quite possibly the World.

So if according to Mr. Gecko, greed is good. How then does this affect the news? What is the The New York Times, NBC, ABC, The Washington Post, FOX and the Corporations who own them all about? Charity? Just entertainment? Disseminating the truth? No. They are about PROFIT.

Two hundred years ago a friend of Thomas Jefferson, a founding father and the 3rd President of the United States, was considering opening a newspaper and wanted Jefferson’s opinion. Jefferson’s reply letter is quite short. But I wanted to focus on just three sentences. The link and full reply are at the end of the article. The ‘misspellings’ are not mistakes, but the way the word(s) was written at that time.

“Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knolege with the lies of the day.”

Thomas Jefferson, The Founders’ Constitution; Amendment I (Speech and Press) (1986)

200 years ago a former President of the United States declares that ‘nothing’ can be believed that is in the news. Nothing. And this was when the average newspaper was a sole proprietorship. The essence of a small local business. The owner is just trying to make a living. And discovers that falsehoods (rumor, speculation, guessing) sell much better than the few facts.

But the MSM news is big business today. And is consolidated into 6 major corporations. Whose objective is… Profit.

The News has NO legal obligation to tell the Truth. Their ‘obligation’ is to the shareholders, to Profit. And if lies sell better than the Truth, which Jefferson clearly elucidates in his letter below, then this is precisely what the News will and is doing. Therefor we can state with 100% certainty the following;

The News business has a fiduciary responsibility to it’s owners(shareholders) to deceive in order to maximize profits.

Please note, I make no distinction between mainstream, alternative, and truth media when it comes to the business of the News.

But the News is more than making money. The news shapes opinions. The news ‘informs’, but with misinformation and disinformation. People trust the news. The news sets the agenda and tells the public what is and what is not important. And if the news is nothing but deception, then what do people really know who regularly consume the news?

I’ll let Thomas Jefferson answer that question.

“I will add, that the man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods & errors.”

Thomas Jefferson, The Founders’ Constitution; Amendment I (Speech and Press) (1986)

I ask you to please remember the above quote the next time a big story breaks on the news, or you here the news anchor say the following;

“Government officials state…”
“Leading scientist claim…”
“Doctors recommend…”
“Trusted sources say…”
“Experts agree…”

Thomas Jefferson’s letter to John Norvell, 14 June, 1807.
http://press-pubs.uchicago.edu/founders/documents/amendI_speechs29.html

“To your request of my opinion of the manner in which a newspaper should be conducted, so as to be most useful, I should answer, “by restraining it to true facts & sound principles only.” Yet I fear such a paper would find few subscribers. It is a melancholy truth, that a suppression of the press could not more compleatly deprive the nation of it’s benefits, than is done by it’s abandoned prostitution to falsehood. Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knolege with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live & die in the belief, that they have known something of what has been passing in the world in their time; whereas the accounts they have read in newspapers are just as true a history of any other period of the world as of the present, except that the real names of the day are affixed to their fables. General facts may indeed be collected from them, such as that Europe is now at war, that Bonaparte has been a successful warrior, that he has subjected a great portion of Europe to his will, &c., &c.; but no details can be relied on. I will add, that the man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods & errors. He who reads nothing will still learn the great facts, and the details are all false.

Perhaps an editor might begin a reformation in some such way as this. Divide his paper into 4 chapters, heading the 1st, Truths. 2d, Probabilities. 3d, Possibilities. 4th, Lies. The first chapter would be very short, as it would contain little more than authentic papers, and information from such sources as the editor would be willing to risk his own reputation for their truth. The 2d would contain what, from a mature consideration of all circumstances, his judgment should conclude to be probably true. This, however, should rather contain too little than too much. The 3d & 4th should be professedly for those readers who would rather have lies for their money than the blank paper they would occupy.”

Thomas Jefferson, The Founders’ Constitution; Amendment I (Speech and Press) (1986)

 

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