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	<title>Comments on: Journalistic Capture</title>
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	<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/</link>
	<description>The Sweet Release of Reason</description>
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		<title>By: Media are not your friends &#171; syncwpmu</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-595536</link>
		<dc:creator>Media are not your friends &#171; syncwpmu</dc:creator>
		<pubDate>Sun, 07 Mar 2010 07:26:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-595536</guid>
		<description>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</description>
		<content:encoded><![CDATA[<p>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</p>
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		<title>By: Media are not your friends &#171; Thought Shop</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-595531</link>
		<dc:creator>Media are not your friends &#171; Thought Shop</dc:creator>
		<pubDate>Sat, 06 Mar 2010 21:03:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-595531</guid>
		<description>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</description>
		<content:encoded><![CDATA[<p>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</p>
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		<title>By: m3 ds real</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-592454</link>
		<dc:creator>m3 ds real</dc:creator>
		<pubDate>Fri, 14 Aug 2009 15:30:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-592454</guid>
		<description>Sure this might be bad. It&#039;s always bad when people engage in stupid, reckless behavior as regards their finances. It&#039;s also bad when people take advantage of that tendency to profit. But when a guy bets his kid&#039;s college fund on a prize fight, and it turns out the fight was fixed and he bet on the guy that took the dive, why is it we always blame the fixers first?</description>
		<content:encoded><![CDATA[<p>Sure this might be bad. It&#39;s always bad when people engage in stupid, reckless behavior as regards their finances. It&#39;s also bad when people take advantage of that tendency to profit. But when a guy bets his kid&#39;s college fund on a prize fight, and it turns out the fight was fixed and he bet on the guy that took the dive, why is it we always blame the fixers first?</p>
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		<title>By: Mobile Phone Accessories</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-592347</link>
		<dc:creator>Mobile Phone Accessories</dc:creator>
		<pubDate>Wed, 12 Aug 2009 09:50:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-592347</guid>
		<description>Sure, but government and it&#039;s appointees operate under a vastly different incentive structure. Cramer suffers from assymetrical information and ironically profits more the more assymetrical it is whether its correct or not. While Geithner has an incentive to actually receive the right information so he can fix the problem. Cramer has no such incentive. If Cramer had figured out in 2006 that the market was going to collapse at the end of 2008, he would have been a fool to start doomsday proclamations as his show would have probably been canceled due to nobody watching and now a couple people would be saying, &quot;Hey remember that crazy Jim Cramer said this collapse was coming, whatever happened to him?&quot;</description>
		<content:encoded><![CDATA[<p>Sure, but government and it&#39;s appointees operate under a vastly different incentive structure. Cramer suffers from assymetrical information and ironically profits more the more assymetrical it is whether its correct or not. While Geithner has an incentive to actually receive the right information so he can fix the problem. Cramer has no such incentive. If Cramer had figured out in 2006 that the market was going to collapse at the end of 2008, he would have been a fool to start doomsday proclamations as his show would have probably been canceled due to nobody watching and now a couple people would be saying, &#8220;Hey remember that crazy Jim Cramer said this collapse was coming, whatever happened to him?&#8221;</p>
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		<title>By: Journalistic Regulatory Capture &#124; The-Informer</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589567</link>
		<dc:creator>Journalistic Regulatory Capture &#124; The-Informer</dc:creator>
		<pubDate>Fri, 03 Apr 2009 12:38:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589567</guid>
		<description>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</description>
		<content:encoded><![CDATA[<p>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</p>
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		<title>By: Journalistic Regulatory Capture &#124; CHARGED's Digital Lifestyle at Work or Play</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589561</link>
		<dc:creator>Journalistic Regulatory Capture &#124; CHARGED's Digital Lifestyle at Work or Play</dc:creator>
		<pubDate>Fri, 03 Apr 2009 04:15:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589561</guid>
		<description>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</description>
		<content:encoded><![CDATA[<p>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators [...]</p>
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		<title>By: Journalistic Regulatory Capture &#124; SolidWebs</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589560</link>
		<dc:creator>Journalistic Regulatory Capture &#124; SolidWebs</dc:creator>
		<pubDate>Fri, 03 Apr 2009 02:23:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589560</guid>
		<description>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &quot;journalistic capture.&quot; You are (hopefully) aware of the concept of regulatory capture -- whereby regulators effectively [...]</description>
		<content:encoded><![CDATA[<p>[...] highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of &#8220;journalistic capture.&#8221; You are (hopefully) aware of the concept of regulatory capture &#8212; whereby regulators effectively [...]</p>
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		<title>By: uknowbetter</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589241</link>
		<dc:creator>uknowbetter</dc:creator>
		<pubDate>Mon, 23 Mar 2009 18:59:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589241</guid>
		<description>You are one clueless moron.&lt;br&gt;&lt;br&gt;You should have been aborted by your clueless mom.&lt;br&gt;&lt;br&gt;Go back and read my comment again, illiterate one.</description>
		<content:encoded><![CDATA[<p>You are one clueless moron.</p>
<p>You should have been aborted by your clueless mom.</p>
<p>Go back and read my comment again, illiterate one.</p>
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		<title>By: The Regulatory Cathedral and the Bazaar &#124; The Technology Liberation Front</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589162</link>
		<dc:creator>The Regulatory Cathedral and the Bazaar &#124; The Technology Liberation Front</dc:creator>
		<pubDate>Fri, 20 Mar 2009 04:05:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589162</guid>
		<description>[...] Wilkinson makes the related point that journalists are akin to journalistic capture that&#8217;s very much akin to the regulatory [...]</description>
		<content:encoded><![CDATA[<p>[...] Wilkinson makes the related point that journalists are akin to journalistic capture that&#8217;s very much akin to the regulatory [...]</p>
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		<title>By: DJ</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589115</link>
		<dc:creator>DJ</dc:creator>
		<pubDate>Thu, 19 Mar 2009 02:36:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589115</guid>
		<description>Funny that you mention the UN, because if I remember correctly the main UN weapons inspector, Hans Blix, was very unhappy about the US invasion as he said he needed more time. I&#039;m saying this as someone who isn&#039;t wild about the UN, but rather to refute your obviously regurgitated point.&lt;br&gt;&lt;br&gt;And if you were paying attention at the time, you would have picked up on the administration&#039;s obvious outright lies, like Dick Cheney saying Iraq was connected to 9/11, and known that shenanigans were afoot. &lt;br&gt;&lt;br&gt;More importantly, if you were an informed citizen you would have understood at the time what all the talk about &quot;WMD&quot; was about. Confused people like yourself hear WMD and think nukes. Iraq didn&#039;t have anything remotely close to bomb building capability, especially fissile material (see Iran&#039;s difficulty in openly trying to obtain a bomb, enrichment and/or reprocessing is tough!). The Intel community, rather, knew that Iraq likely had some chemical weapons capability (which turned out to be marginal at best). The distinction between chemical weapons and nuclear bombs is pretty drastic, and destroys the security/preemptive argument. Was Saddam going to shoot mustard shells at the US with his 300 km range Scuds?&lt;br&gt;&lt;br&gt;Sorry to get on a soapbox, but you know nothing dip-shits (to use your posted name) piss me off, because you were the one&#039;s who cheerleader our disastrous invasion. And you&#039;re still cheerleading. Have a nice life, and try getting outside your bubble while you&#039;re at it.</description>
		<content:encoded><![CDATA[<p>Funny that you mention the UN, because if I remember correctly the main UN weapons inspector, Hans Blix, was very unhappy about the US invasion as he said he needed more time. I&#39;m saying this as someone who isn&#39;t wild about the UN, but rather to refute your obviously regurgitated point.</p>
<p>And if you were paying attention at the time, you would have picked up on the administration&#39;s obvious outright lies, like Dick Cheney saying Iraq was connected to 9/11, and known that shenanigans were afoot. </p>
<p>More importantly, if you were an informed citizen you would have understood at the time what all the talk about &#8220;WMD&#8221; was about. Confused people like yourself hear WMD and think nukes. Iraq didn&#39;t have anything remotely close to bomb building capability, especially fissile material (see Iran&#39;s difficulty in openly trying to obtain a bomb, enrichment and/or reprocessing is tough!). The Intel community, rather, knew that Iraq likely had some chemical weapons capability (which turned out to be marginal at best). The distinction between chemical weapons and nuclear bombs is pretty drastic, and destroys the security/preemptive argument. Was Saddam going to shoot mustard shells at the US with his 300 km range Scuds?</p>
<p>Sorry to get on a soapbox, but you know nothing dip-shits (to use your posted name) piss me off, because you were the one&#39;s who cheerleader our disastrous invasion. And you&#39;re still cheerleading. Have a nice life, and try getting outside your bubble while you&#39;re at it.</p>
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		<title>By: Eric H</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589057</link>
		<dc:creator>Eric H</dc:creator>
		<pubDate>Tue, 17 Mar 2009 22:44:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589057</guid>
		<description>ehhh, Jon Stewart&#039;s prognostication record is what, exactly? He likes to pretend he&#039;s news when he wants to pretend he&#039;s news, and entertainment when that&#039;s more convenient, but -- bow tie or not -- he&#039;s mostly just a dick with an opinion and a forum. I think the sooner the public wises up to the fact that some news -- perhaps all news? -- cannot be summarized with clever one-liners, the better off we&#039;ll be.</description>
		<content:encoded><![CDATA[<p>ehhh, Jon Stewart&#39;s prognostication record is what, exactly? He likes to pretend he&#39;s news when he wants to pretend he&#39;s news, and entertainment when that&#39;s more convenient, but &#8212; bow tie or not &#8212; he&#39;s mostly just a dick with an opinion and a forum. I think the sooner the public wises up to the fact that some news &#8212; perhaps all news? &#8212; cannot be summarized with clever one-liners, the better off we&#39;ll be.</p>
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		<title>By: Ron</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589033</link>
		<dc:creator>Ron</dc:creator>
		<pubDate>Mon, 16 Mar 2009 00:00:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589033</guid>
		<description>It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians &amp; incompetent regulators for what has happened.&lt;br&gt;&lt;br&gt;While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market? &lt;br&gt;&lt;br&gt;China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt. &lt;br&gt;&lt;br&gt;The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: &lt;a href=&quot;http://www.facebook.com/group.php?gid=67594690498&amp;ref=ts&quot; rel=&quot;nofollow&quot;&gt;http://www.facebook.com/group.php?gid=675946904...&lt;/a&gt; &lt;br&gt;&lt;br&gt;Thanks, &lt;br&gt;&lt;br&gt;Ron with 30 plus years in the investment business and banking industry.</description>
		<content:encoded><![CDATA[<p>It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians &#038; incompetent regulators for what has happened.</p>
<p>While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market? </p>
<p>China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt. </p>
<p>The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: <a href="http://www.facebook.com/group.php?gid=67594690498&#038;ref=ts" rel="nofollow"></a><a href="http://www.facebook.com/group.php?gid=675946904.." rel="nofollow">http://www.facebook.com/group.php?gid=675946904..</a>. </p>
<p>Thanks, </p>
<p>Ron with 30 plus years in the investment business and banking industry.</p>
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		<title>By: uknowbetter</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589032</link>
		<dc:creator>uknowbetter</dc:creator>
		<pubDate>Sun, 15 Mar 2009 22:59:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589032</guid>
		<description>See alphie was good buddies with Hussein and knew exactly what weapons he had and didn&#039;t have.  US intel, French intel, the UN, they were all wrong, but alphie had all the answers.</description>
		<content:encoded><![CDATA[<p>See alphie was good buddies with Hussein and knew exactly what weapons he had and didn&#39;t have.  US intel, French intel, the UN, they were all wrong, but alphie had all the answers.</p>
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		<title>By: Paul G. Brown</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589014</link>
		<dc:creator>Paul G. Brown</dc:creator>
		<pubDate>Sat, 14 Mar 2009 16:48:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589014</guid>
		<description>Stewart&#039;s point is Chomsky&#039;s point. The media is in the business of manufacturing social consent by endlessly repeating tribal myths. The Market Is Good. Celebrities Are Important. Be Afraid Of Strangers. Money Uber Alles. &lt;br&gt;&lt;br&gt;In each of these myths you can see the shadow of some more primitive property of our individual lizard brain. Social Connections Good. Not My Genes Bad. Famine Coming! Can I Have Sex That? &lt;br&gt;&lt;br&gt;Look at Cramer&#039;s show. I especially appreciated how Stewart lampooned Cramer&#039;s use of  props and sound effects. As a rule of thumb, the louder and more strident the conversation, the less light (knowledge) and the more heat (emotional provocation intended to make you more succeptable to advertising) is involved.</description>
		<content:encoded><![CDATA[<p>Stewart&#39;s point is Chomsky&#39;s point. The media is in the business of manufacturing social consent by endlessly repeating tribal myths. The Market Is Good. Celebrities Are Important. Be Afraid Of Strangers. Money Uber Alles. </p>
<p>In each of these myths you can see the shadow of some more primitive property of our individual lizard brain. Social Connections Good. Not My Genes Bad. Famine Coming! Can I Have Sex That? </p>
<p>Look at Cramer&#39;s show. I especially appreciated how Stewart lampooned Cramer&#39;s use of  props and sound effects. As a rule of thumb, the louder and more strident the conversation, the less light (knowledge) and the more heat (emotional provocation intended to make you more succeptable to advertising) is involved.</p>
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		<title>By: Jay Rosen</title>
		<link>http://www.willwilkinson.net/flybottle/2009/03/13/journalistic-capture/comment-page-1/#comment-589012</link>
		<dc:creator>Jay Rosen</dc:creator>
		<pubDate>Sat, 14 Mar 2009 16:05:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.willwilkinson.net/flybottle/?p=3182#comment-589012</guid>
		<description>&quot;Andrew Sullivan has basically stated that these guys are responsible for what he&#039;s been calling the &#039;depression&#039;.&quot;&lt;br&gt;&lt;br&gt;Bull. I read his blog regularly. He hasn&#039;t said anything like that. You made it up.&lt;br&gt;&lt;br&gt;This statement, the one I am about to quote, is hysterical and ridiculous: &quot;&quot;But to suggest that CNBC, in giving bad, predatory financial advice, is solely responsible for the bubble we&#039;ve found ourselves in, and the subsequent losses many Americans have endured is hysterical and ridiculous.&quot;</description>
		<content:encoded><![CDATA[<p>&#8220;Andrew Sullivan has basically stated that these guys are responsible for what he&#39;s been calling the &#39;depression&#39;.&#8221;</p>
<p>Bull. I read his blog regularly. He hasn&#39;t said anything like that. You made it up.</p>
<p>This statement, the one I am about to quote, is hysterical and ridiculous: &#8220;&#8221;But to suggest that CNBC, in giving bad, predatory financial advice, is solely responsible for the bubble we&#39;ve found ourselves in, and the subsequent losses many Americans have endured is hysterical and ridiculous.&#8221;</p>
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