Wednesday, February 5, 2020

Breaking News From Corporate Media: Billionaires Do Not Like Socialism


Just as the press are keen for you to know that Medicare for All is a very bad idea, they are equally anxious to make sure that the voices of beleaguered, unheard plutocrats are given as much of a boost as possible.


February 4, 2020 Alan MacLeod FAIRNESS AND ACCURACY IN REPORTING (FAIR)



JPMorCEO Jamie Dimon Takes on Socialism, Says It Will Lead to an ‘Eroding Society.’, Scott Olson/Getty Images
Big news, everyone! Billionaires don’t like socialism.
In response to a rising progressive tide in the United States, a new genre of stories has emerged in corporate media: rich guys warning against taxing them, or really changing anything about the system at all. Just as the press are keen for you to know that Medicare for All is a very bad idea (FAIR.org4/29/19), they are equally anxious to make sure that the voices of beleaguered, unheard plutocrats are given as much of a boost as possible.
A case in point is CNBC’s recent article (1/22/20) headlined, “BP’s CEO Chides AOC and Bernie Sanders for Their ‘Completely Unrealistic’ Green New Deal Ideas.” Reporter Jessica Bursztynsky begins:
Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and Rep. Alexandria Ocasio-Cortez, a champion of the far left. “They have a completely unrealistic idea of the complexity of the global energy system,” Dudley told CNBC’s Squawk Boxfrom the World Economic Forum in Davos, Switzerland.
To sum up the story, a CNBC journalist went to Davos (where the cheapest hotel room last year was $1,000 per night) to get ideas about socialism and the environment from the CEO of BP, one of the 100 corporations responsible for over 70% of the world’s emissions. At no point did Bursztynsky warn the audience or even allude to the enormous conflict of interest the oil multi-millionaire might have in discussing solutions to the climate crisis. Instead, his views are presented as a straight and important news story.
In contrast, the first sentence primes the reader against AOC and Sanders by presenting them as “far left” – in other words, as some sort of out-there crazies, even though their ideas are supported by the majority of the American people (FAIR.org1/23/19). It allows Dudley to claim that there is a distinct “lack of realism” from his critics (emphasis added):
“There’s just a lot of people, very well-meaning people, who want to believe that there is a simple solution,” Dudley said at the Abu Dhabi International Petroleum Exhibition & Conference.
Jeez, I wonder what oil CEOs at an energy forum in a Mideastern monarchy think about renewable energy? Good thing CNBC is on the case.

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