Monday, November 17, 2008

Eleven Economies


Here is something you rarely see in the MSM, pulled from the depths of a CNN story. One of the things a NONpropaganda news source will regularly provide is CONTEXT. In order to have rational, as opposed to emotional meaning, humans require context. One of the keys to propaganda is emotion--"crisis", "meltdown","debacle" etc don't really tell you anything rational, they only tell you how you ought to feel about it.

In the chart above you see that the "Financial Crisis" in the US is FAR from the worst among all those countries. Note Germany, China, Japan -- consider how large their economies are in comparison to ours and it becomes clear that there is more to what is going on than JUST "poor regulation in the US".

Is our MSM interested in understanding that? Not in the least -- they want to make sure to tar and feather Bush and the whole market based US economy before they even consider looking around for some context. They are interested in providing a "simple story", even if that story has no actual relation to facts, and that acting on it may well be horrible case of mistaken identity. Shooting the Golden Goose as a prowler.

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