Paul Craig Roberts Shames Corporate Media Hucksters Masquerading as journalist

Roberts also talked about the recent departure of Peter Oborne, the UK Telegraph’s former Chief Political Commentator who resigned and called the newspaper’s coverage of the powerful bank, HSBC, a “fraud on its readers.” Oborne provided the full background on his resignation to OpenDemocracy, writing:

“With the collapse in standards has come a most sinister development. It has long been axiomatic in quality British journalism that the advertising department and editorial should be kept rigorously apart.
American media is owned by 6 corporations and the all spew lies to the American people 24/7.


There is a great deal of evidence that, at the Telegraph, this distinction has collapsed.

“Late last year I set to work on a story about the international banking giant HSBC. Well-known British Muslims had received letters out of the blue from HSBC informing them that their accounts had been closed. No reason was given, and it was made plain that there was no possibility of appeal. ‘It’s like having your water cut off,’ one victim told me.”

The story was spiked by the Telegraph, according to Oborne.

Roberts blames the failure of U.S. media to serve the public interest on the vast consolidation of American media into the hands of only six companies. Roberts said the following in his speech in Mexico:

“The US media has never performed the function assigned to it by the Founding Fathers. The media is supposed to be diverse and independent. It is supposed to confront both government and private interest groups with the facts and the truth. At times the US media partially fulfilled this role, but not since the final years of the Clinton Regime when the government allowed six mega-media companies to consolidate 90% of the media in their hands…

http://wallstreetonparade.com/2015/...-media-hucksters-masquerading-as-journalists/