Edition 87, March ’19: Mainstream Media Misrepresentations of the Financial Crash

  • we discuss misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative and omitted alternative solutions
  • Plus: two huge court case tax and social justice wins – firstly, an unprecedented case in Kenya by Tax Justice Network Africa against the tax haven of Mauritius. Secondly, a US court has ruled that international financial institutions like the IMF and the World Bank CAN be sued when their development projects hurt communities
  • And we’re happy to report that the EU Commission WILL now investigate one of the cases exposed by the #LuxLeaks whistleblowers…in last month’s Taxcast we joined the International Consortium of Investigative Journalists in calling on the Competition Commissioner to prove there was no conflict of interest.

the way the mainstream media reported on the financial crisis, the structural explanations were largely missing from most media accounts, the deeper structural problems with the banking sector and issues around financialisation and how that affected the economy these weren’t really covered”

Mike Berry of Cardiff University’s School of Journalism, Media and Culture

and author of The Media, the Public and the Great Financial Crisis

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Original post with further reading available here

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