Wednesday, November 24, 2010

Read all about it...

I'm beginning to wonder to what extent the present economic uncertainty is being generated by the media.  It seems that the glass must always be reported as half-empty - any article must always stress the negatives.  Monday's papers were all reporting that Ireland was being bailed-out by the EU and a major crisis was thereby being averted - almost glass half-full.  But yesterday it was half-empty again - was the bail-out enough?  Would it succeed?  Would the crisis spread to Portugal and Spain?  Problem is of course that such comments can become self-fulfilling prophesies.  I'm sure it helps sell papers and attract listeners and viewers, but to what extent do the media have a duty not to make a bad situation worse?  Are they reporting the news, or helping to make it?

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