Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I gave up my subscription to the Economist after the '04 American election.  I'm self-employed, and it is useful for my work but I am not so involved with business that I need to read it.  At the time I made the decision because I wanted to be able to support progressive media.

Earlier this year I decided to renew the sunscription, but the very first issue angered me greatly.  The snide one-off comments, typified by Bagehot and Lexington, are too much for me so I've decided to cancel again.

The quality of their reporting is not the question.  The editorializing inherent in their view distresses me.  Their world is not mine.

by lizah (lizah at gmx.org) on Sun Jun 25th, 2006 at 06:22:25 AM EST
And the unattributed quotes, poor journalism if you ask me.

The US editor is either a liar or incomptent, but wth a certain bias well known in the US press. Read his coverage of Abrahamov, up there with the yellowist of US journos.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Sun Jun 25th, 2006 at 07:58:00 AM EST
[ Parent ]
their editorialising, but the fact that it used to be transparent (i.e. they separated clearly facts from opinion) and now it is no longer (they editorialise while pretending to be presenting facts).

They are living off their reputation, but will get burned if they keep at it - unless they are aiming at being just another right wing US business magazine instead of a high quality international one.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 25th, 2006 at 11:14:10 AM EST
[ Parent ]
This is actually about two issues:

  1. Is the Economist any good as a source of information?  I gave up on the miserably rag back in the med 90s because of their slavish devotion to the concepts of Neoliberalism. Since then I have managed to bring a dinner party conversation to an abrupt halt by expressing my contempt for the Economist.  What I said was, "If you believe Ben Franklin, the American Revolution was fought so we wouldn't have to take those ideas seriously.  Yet way too many people read the Economist because they think it is as cool as quoting Shakespeare.  Barbarian nonsense is barbarian nonsense even if it DOES have a British accent."

  2. Does the presence of a religious minority disrupt society? This is actually a good question--so I am NOT surprised the Economist blew it.  For the record, my observation is that folks of roughly the same economic status mix pretty gracefully--no matter their religious practice.  If, however, one religious group is doing much better or worse economically than the norm, they will stand out and become targets--especially if their religious practice causes their non-standard economic status.  I am willing to bet that if the kids of the Paris suburbs has a reasonable economic future, they wouldn't be rioting.  Thinking that they are rioting because they are Muslim is just so much useless bigotry.

Since the economic positions of the Economist directly CAUSE most of the economic frustration that kindles those riots and religious frictions, they must either change their editorial stands, or find an irrelevant scapegoat.  

UGLY people!!!!  The ONLY reason to read the Economist is to keep track of what the REAL bad guys are thinking.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Sun Jun 25th, 2006 at 06:56:52 PM EST
[ Parent ]

What exactly did Ben Franklin say?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sun Jun 25th, 2006 at 06:58:53 PM EST
[ Parent ]
Franklin was writing about the levels of observable poverty in London (shocked him) compared to those of Philadelphia.  He attributed the differences to a monetary system that was superior to the Bank of England's.  

Sorry, I don't have the quotes at hand tonight--my Franklin bio has been loaned to a friend.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Sun Jun 25th, 2006 at 09:35:04 PM EST
[ Parent ]
Try this until I find the exact reference I seek.

A Modest Enquiry into the Nature
and Necessity of a Paper-Currency
by Benjamin Franklin (1729)


"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Sun Jun 25th, 2006 at 10:10:10 PM EST
[ Parent ]


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