.mtaibbi: Media Stupidity Is Uniting Left and Right
Dating to 2016, we were told the chief commonalities between Trump and Sanders were ambition and strategy. They were “populists” who played on voters’ emotions because they had to, being denied normal avenues to power: connections, donors, endorsements. As a Harvard professor put it, “both are self-described political outsiders, the most likely actors to use anti-elite language.”
Brooks argues that “capitalism is doing what it’s supposed to do,” i.e. “rewarding productivity with pay, and some people and companies are more productive.” He insists the gap in America is between “superstar companies and everybody else,” i.e. if you’re on the wrong end of the curve, you aren’t bringing the right skills to bear in an economy that is still fundamentally meritocratic.
The reason people are abandoning traditional political solutions on both sides of the political aisle is that most people can see how easy it is to put a thumb on the scale of such rosy Adam Smith market theory. They know companies buy regulatory and tax relief through political donations, offshore profits, export labor to unfree political zones like China, use central banking mechanisms to obtain heavily subsidized capital, and dominate debate through investment in media.
About that last point: One of the areas where systematic unfairness is most visible is through the aggressive suckage of the establishment press. If inequality – not just in income but in influence as well as regulatory and criminal accountability – is a problem, the average media consumer knows by instinct what side of that problem the owners of major media companies represent. The average person, who is probably an illness away from bankruptcy, sees that
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