Friday, August 29, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting
Best Retirement Wishes
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • Top News
No Result
View All Result
Best Retirement Wishes
Home Economy

Politics Has Infected Everything in Our Society, and Especially the Media

by
August 9, 2023
in Economy
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

One of the few things that most Americans agree about today is that there are serious problems with the current news-media environment. Conservatives have spent decades denouncing the “liberal media,” labeling it a thinly veiled arm of the Democratic Party and, recently, of Big Pharma. Meanwhile, Progressives seem to blame billionaire-created Fox News for just about every problem facing America.

Even the establishment media folks are fretting over their colleagues’ coverage of the Trump indictments and the 2024 election more broadly—wrestling with the fact that the candidate they hate is so good for their business.

Related posts

The Disaster that Was George W. Bush

August 28, 2025

Rock-Paper-Scissors, Government-Style

August 28, 2025

All of these criticisms may appear to be unique. But really, they’re simply variations of the same basic argument. That the media is meant to play an important role in our political process but a blind scramble for profits has corrupted journalism and left it unable to serve its higher purpose. In truth, this is exactly backwards. The problems with today’s media stem from politics, not profits.

At its core, journalism is a service where people gather information about recent or ongoing events and communicate that information to those interested. There are plenty of reasons why people would pay for this service. And, importantly, the goals of news consumers can and do vary. Maybe they want news about the area they live in or a specific cause they care about. Perhaps they’re trying to keep up with developments directly impacting their job. Or maybe they enjoy learning about something or keeping up with some celebrity or team.

Plenty of variety exists, but we can also identify a dichotomy of news consumers. On one hand are people who need specific information to help them make a decision. Imagine a father monitoring a storm, trying to determine if he needs to move his family into the tornado shelter. Or imagine an executive following a foreign coup to decide whether she needs to pull nearby employees out of a potentially dangerous situation.

On the other hand are people who consume news for entertainment or educational purposes. Imagine someone who wants to kick his feet up after work and hear his favorite sports pundit analyze the NBA draft results or learn the latest drama about some celebrity couple. One group needs accurate information to weigh a serious and potentially costly decision. The other wants to lean into its tribalist or gossipy tendencies for fun from the comforts of the living room. Both types of news consumers can have their unique needs met on the market.

But when politics enters the picture, it conflates these two demographics in the worst way. From a young age, we’re taught that we live in a democracy. That “we” as voters determine what the government does and that we have an obligation to stay informed on what the government is doing because we’re the ones steering the ship. Because good citizens are knowledgeable about banking mechanics, climate science, immigration trends, the tribal dynamics of eastern Afghanistan, and more. In other words, good citizens follow the news.

Even if this were a desirable ideal—it isn’t—the political process can never incentivize the careful, deliberative news consumption we’d see from the father monitoring a dangerous storm or the executive weighing whether to evacuate employees. At most, a small handful of individuals are involved in these situations. And because the father and the executive are both responsible for the safety of people they care about—and a company’s financial health, in the case of the executive—they will both be very aware of the harm of choosing wrong. Also, importantly, it will likely be clear to them whether they chose wrong after the fact.

Both voters and the governments they supposedly control are protected from these incentives and feedback mechanisms. Even on the hyper-local scale, your vote’s impact on political decisions is negligible. That lowers the stakes of potentially making a wrong decision. Add to that that you’re probably voting for a politician who will make many decisions. And because government is institutionally shielded from economic losses, the feedback on whether the correct course of action was taken is clouded too. And remember, this is all on the local level. Scale up to the state or national level, and these traits are compounded to the point of absurdity.

Is it any surprise, then, that voters with little to no incentive to make sure they’re right, and who are also protected from feedback when they’re wrong, fall into the same media habits as those who consume sports and entertainment news? If you’re supposed to follow this stuff, especially before elections, why not consume the more entertaining options? What’s the downside? And what’s more entertaining than the tribalistic intellectual junk food we see today? It feels good to be told you’re right and that the people you disagree with are stupid.

Not that tribalistic intellectual junk food is a problem in itself. Most sports media is structured this way. It only becomes dangerous when it gets mixed with real-world government policies. Because remember, politics is about using violence to force people to act in ways they don’t want to. It’s deadly serious stuff that causes a lot of misery, poverty, and death around the world.

Politics, not economics, are at the root of the problem with the media. The market is good at getting consumers what they want. This does not absolve the establishment media or the political class. They benefit greatly from this politicized media environment at our expense, as others have made clear. But politics warp people’s media consumption, drive them to consume content that confirms their biases on crucially important topics that are none of their business, encourage them to push those poor decisions into the real world at gunpoint, and shield them from the direct costs of being wrong. Why would we ever expect that to go well?

Previous Post

Credit Crunch: The Money Supply Has Shrunk For Eight Months In a Row

Next Post

The Soviet Abuse of Indigenous Peoples

Next Post

The Soviet Abuse of Indigenous Peoples

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

RECOMMENDED NEWS

New Data Show Migrants Were More Likely to be Released by Trump Than Biden

New Data Show Migrants Were More Likely to be Released by Trump Than Biden

2 years ago

New working paper (with Tanga Mohr)

2 years ago

Extraterritorial Taxation: Is It All Our Fault?

2 years ago

Trump’s Toast, Folks

2 years ago

BROWSE BY CATEGORIES

  • Economy
  • Editor's Pick
  • Stock
  • Top News
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

POPULAR NEWS

  • How not to answer the question “Why are carbon taxes unpopular with policymakers and politicians?”

    0 shares
    Share 0 Tweet 0
  • How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas

    0 shares
    Share 0 Tweet 0
  • The New Deal and Recovery, Part 28: A New Deal for Housing

    0 shares
    Share 0 Tweet 0
  • You Can’t Depend on the State to Maintain Public Order

    0 shares
    Share 0 Tweet 0
  • Remember the Alamo! Moses Rose’s Last Stand

    0 shares
    Share 0 Tweet 0

Disclaimer

BestRetirementWishes.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Recent News

  • RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice
  • Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again
  • Public Corruption by State

Category

  • Economy
  • Editor's Pick
  • Stock
  • Top News

Recent News

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

August 28, 2025
Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

August 28, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting

© 2021 BestRetirementWishes. All Rights Reserved.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home 1
  • Privacy Policy
  • suspicious-engagement
  • Terms & Conditions
  • Thank You

© 2021 BestRetirementWishes. All Rights Reserved.