“Foibles, Fables and Failures: The Financial Press and its Keepers — James Petras | The James Petras Website”

“The media accused Trump of being a sexist, racist, anti-immigrant villain, all the while ignoring Secretary of State Clinton’s blood-soaked history of bombs and destruction, of killing of tens of thousands women in the Middle East and Africa and driving hundreds of thousands among the two million sub-Sahara Africans formerly employed in Libya under Gadhafi’s rule onto rotting ships in the Mediterranean Sea. Who in Madame’s media count the millions of people dispossessed or the 300,000 killed by the US-promoted mercenary invasion of Syria? Where were the feminists, who now dredge up Trump’s crude ‘crotch talk’, when millions of women and children of color were killed, injured, raped and dispossessed by Madame Clinton’s seven wars? Given the choice, most women would prefer to defend themselves from the stupid words of a vulgar misogynist over the threat of a Clinton-Obama predator drone ripping their families to shreds. Nasty, juvenile words do not compare with a history of bloody war crimes.”

Taking Sides

Foibles, Fables and Failures: The Financial Press and its Keepers

by James Petras

11.23.2016 ::United States

Introduction: US officialdom and their media megaphones have systematically concocted narratives having less to do with political reality and more with their hallucinogenic world view. Pre-election and post-election reportage weaves a tapestry of fiction and fantasy.

We will discuss the most pernicious of these remarkable foibles and fables and their predictable failures.

1. The pundits, prestigious editorialists and ‘economists with gravitas’, have convinced themselves that the election of Donald Trump would ‘lead to the Collapse of Capitalism (COC)’. They cited his campaign attacks of globalization and trade agreements, as well as his ‘reckless’ swipes at speculators. In reality, Trump was criticizing a specific kind of capitalism. The pundits overlooked the variety of capitalisms that constitute the US economy. With their snouts deep in the trough, their own vision was limited; their curly tails…

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