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Economists and newsrooms collaborate to lie about Australia’s economy (independentaustralia.net)
submitted 4 months ago by to c/ausfinance@aussie.zone
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[–] [S] 2 points 4 months ago (1 child)

It does matter that these inflation numbers are being reported on in, what I'd more measuredly call, 'open to confusion' ways.

So theres two ways to take the article, one is IKT and I's discussion yesterday about the 'loudness war'.

Or, how IA does as an example of how the corporate media are trying to drag down a Government making rather meager moves to ease cost of living. Its no surprise when you consider they're controlled/owned by the most wealthy, who are least supportive of changes to reduce the billionaire/oligarchic power driving these economic inequalities.

Did the economist not read the OECD document, but instead rely on the mendacious report from the day before in the Financial Review (AFR)? Or did he trust a copycat fabricated story in the Murdoch media that morning? Or did he concoct the false narrative himself in compliance with Sky News’ editorial policy of only ever broadcasting economic “news” damaging to Labor?

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  • [–] 2 points 4 months ago

    Yeah I hadn't really considered the hit piece angle. I forget sometimes that there are people out there who believe a right wing government would make the economy better, and I really struggle to understand how there are people who are still on the fence, waiting to be swayed one way or the other as if there's not enough evidence yet to draw a conclusion.

    I guess I'm also frustrated and exhausted and sometimes I just snap over some of the details that make it into the discussion when there are so many giant elephants in the room. I get that it doesn't add to the conversation, apologies.

    My 2 cents - there's more than enough of both going on in the majority of the media (cue the "journalism is dead" drum). Some of these writers might be political fanatics who believe they're serving a cause, a good chunk of them probably just don't care and will write whatever they think gets them clicks, since that's basically how they get paid now. Whether their principles are shitty or they have none at all, they're both equally useful to the oligarchs.

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