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  joseba says:

  2022/02/16 at 08:17

  When ABC journalists mislead the public and spread fiction

  (http://bilbo.economicoutlook.net/blog/?p=49017)

  There is a difference between a journalist reporting news about economics and money and a journalist writing an opinion piece. In the first instance, the responsibility of the journalist is to ensure they cover the topic in a balanced way, seeking input from all viewpoints if the topic is controversial, as most topics in economics are. Too often journalists in this situation allow themselves to be used as mouthpieces for specific viewpoints, sometimes because they are coerced by editorial deadlines. Often they just uncritically summarise press releases put out by some group or another and represent the material as fact. In the second case, when a journalist is writing an analytical piece they are holding themselves out as experts. Then they better get it right. Usually, when they are writing about macroeconomics they do not get it right because they merely rehearse mainstream thinking, which most people by now should realise is off the mark. A case in point was a recent Op Ed (represented as analysis) published by the economics reporter at the ABC (January 10, 2022) – How the banks may profit from the taxpayer as COVID quantitative easing winds down. It is full of errors that journalists make when they don’t exactly understand the material they are dealing with. This should have been worked out during the GFC, when these issues arose in the general media. The fact that the same errors are being made more than a decade later doesn’t suggest any learning has taken place.(…)

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  joseba says:

  2022/02/16 at 09:00

  http://bilbo.economicoutlook.net/blog/?p=49017#comment-74031

  Derek Henry
  Friday, January 14, 2022 at 20:52

  My wife is an editor for the BBC and has been for years.

  You need to understand the process of how the media works. The process and what is actually involved in getting an idea for a programme, pitching it and then getting it made. For example do You know the role a commissioner plays in the process? The actual person people have to kneel in front of before a programme is even made.

  The BBC the production side has already been privatised. The public don’t even know it. BBC 4 is finished all It does now is repeats. Newsnight the flagship news programme is a revolving door with the city of London.

  You are talking about journalists which are the equivalent to politicians in the scheme of things. Bottom feeders. Journalists can’t just say what the want the output is double checked. When they ask people the so called experts to come in a show they ask them for a certain point of view. A point of view they control. They’ll phone 10 people before they decide which person will appear with their point of view.

  None of the above is a conspiracy. It is how it works we have very close friends who work in production who are the people who produce the shows. My wife is God parent to who used to be vice president of the Discovery channel. Before moving into producing You tube content that have budgets ten Times the size of Downtown Abbey for a 4 minute You tube production.

  You have the directors who sit with the editors during an edit are the ones who tell the story the Director created. Under direction from the Director.

  I’ve given you my evidence. How did the establishment which both ABC and BBC are part of know exactly how it worked in 1857 and 1945 but not in 2022 ?

  None of you answered it. You talked about journalists and editors who have no power in the whole process. There is another half dozen layers of power above these people which none of you mentioned. You completely ignored the actual power who decide what gets produced. You are trying to sell toilet cleaner to a hotel by speaking to the receptionist who has no power to buy the product You are selling.

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  joseba says:

  2022/02/16 at 09:02

  http://bilbo.economicoutlook.net/blog/?p=49017#comment-74034

  Derek Henry
  Friday, January 14, 2022 at 23:27

  When I was asked to do an interview on the BBC regarding MMT they didn’t even know who my wife was. I doubt I would have been asked on if they did. The shock in the room when I told them after the interview was quite hilarious. Thanked them for giving MMT a voice or in other words a token gesture.

  As I knew within days the mainstream paradigm which is supported fully. Would be talking about slashing Scottish budget deficits as Scotland was living beyond its means and the deficit would need to be paid back, on the exact same show I had just been on.

  The producer contacted me and said they just wanted a 5 minute interview on the basics of MMT. I prepared for the basics for 3 nights. When I sat down to do the interview they changed it completely and took the whole basic MMT agenda off the table. Interview lasted 28 minutes of which nearly 20 minutes were used. I had to wing it the whole time as the questions they had prepared dragged me into some deep dive areas.

  I managed it and tried to take the interview down paths that I really understood and take the power and time away from the interviewer. Which is very difficult thing to do when you are thinking On the hoof all the time and just been bowled a massive googly. While trying to give examples of how MMT would help the left and the right.

  They obviously did this to get me off balance right from the start to try and find out how much I actually knew and had questions ready that would try to expose any knowledge gaps. Which for me wasn’t quite cricket when what they had promised was a 5 minute interview on the basics.

  You live and learn and put it down to experience. I just stayed calm on the surface as my legs were moving a million miles an hour under the surface and batted the questions to the off side hoping I wasn’t going to get caught. Ended up with 23 after 5 overs not out.