The papers had me snookered. Probably, got you as well.
Sure, there have been lots of distressed folks working on Wall Street these days. They are not, though, the ones you see in your local papers:
We surveyed the major news sites and culled 5 “panic trader” pictures in about fifteen minutes. Another 10 minutes on “Getty Images” and “iStockphoto” gave us matches on four. Yes, dear readers, most panic trader pictures aren’t even from the correct day.
Through the years I’ve often thought these folks were simply exhibiting the stress of their jobs not panic. It turns out to be fake journalism.
On the other hand, maybe it was panic. Panic that folks would eventually figure out that they were not worth the money they were being paid. Panic that the house of cards would eventually come tumbling down…on them.
Worth listening to regardless of your views. He does speak a lot of truth to power.
Unfortunately he does conflate the current corporate state with free markets and, as a result, falsely denigrates free markets. Sure, many who support ongoing media consolidation argue in their best Orwellian fashion that it is just the free market at work. It is nothing of the kind. It is state corporatism at work. They only use those words to put blinders on their base. That the media and, yes, folks like Moyers have accepted this language shows just how pervasive and extensive the corporate statists have permeated the culture.
On the other hand his analysis of the massive intertwining of corporate and political power and the pablumizing of journalism is pretty right on.
Moyers on the pre-Iraq pundits who have not lost their jobs:
It just goes to show, when the bar is low enough you can never be too wrong.
And you know what we need to know.
Go Tell it on the mountain and in the cities
From your web sites and laptops, tell it.
From the street corners and the coffee house, tell it.
From delis and diners, tell it.
From workshops and bookstores, tell it.
On campus, at the mall, the synagogue,
sanctuaries and mosques, tell it.
Tell it where you can, when you can and while you can.
Tell America what we need to know and we may just
rekindle the patriot’s dream.
(ed: any errors in transcription are all mine)
NB: Given the extensive co-option of the media it is all the more important to disembowel both the corporate state and mob rule. The less power government has the fewer people will be hurt by it.
The Industry Standard used to be a regular read back in the day when I subscribed to lots of dead-tree media. I welcome them back:
An icon of the dot-com era is making a comeback of sorts. The Industry Standard launched Monday in a new online-only format, with news and analysis on the Internet economy and a social networking twist.
Unfortunately, they must still be well embedded in the dot-com era as I haven’t been able to find any RSS feeds.
Perhaps they think we still use bookmarks as a way to navigate back to a site daily…
Update (2/7): The feeds are there at the bottom of the right sidebar. I’d swear I looked there and didn’t see them. Thanks for the pointer Alison.