Sunday, September 9, 2007

Free Market News?

"...Most newspapers are now owned by a handful of large corporations, even by "holding companies", with parallel interests in cement, telecom, real estate, etc. While profit was once a motive for running a newspaper, it has become the sole motive today. In this Darwinian jungle, allegiance to the reader has been replaced by allegiance to the shareholder. Socially engaged and public service journalism, to the extent it existed, is increasingly rare..." READ.MORE

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.