Sunday, 1 April 2018

The Wall Street Journal on the decade since the crash: inequality, giant banks, regulatory failures, looming catastrophe

a post by Cory Doctorow for the Boing Boing blog



It’s been ten years since the financial crisis, when barely regulated banks destroyed the world’s economy, kicked off wars, and directly and indirectly killed millions.

The Wall Street Journal is a curious beast; its news stories tend to be firmly reality-grounded (because investors don’t get a return on ideology, and reality has a well-know left-wing bias), while its editorial page has grown steadily more troglodyte since Rupert Murdoch bought the paper.

The WSJ’s retrospective of the decade since the crash is much more in the reality-based news than the ideology-driven editorial section, despite a lot of editorializing.

Continue reading


No comments: