Monday, September 5, 2011

On The Basic Problem with CNBC and its brethren

The last Labor Day? - The Washington Post: "But we are now inundated with news (and “news”) about the world of capital. CNBC and the other financial media are for investors what ESPN is for sports junkies. We cheer the markets, learn the obscure language of hedge fund managers and get to know some of the big investors in off-field interviews. Workers are regarded as factors of production. At best, they’re consumers; at worst, they’re “labor costs” cutting into profits and the sacred stock price.

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'via Blog this'

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