Home Commentary Dalio: Loss Of Truth In Media Is A Threat To Our Democracy

Dalio: Loss Of Truth In Media Is A Threat To Our Democracy

144

Authored by Ray Dalio via LinkedIn.com,

While I have reflected on the corrosive effects that fake and distorted media are having on our society’s well-being for the past few years, I am now more concerned about it than ever.

To me media distortions + great polarity + the upcoming elections = a significant risk to quality democracy. 

It is no longer controversial to say that media distortions are a serious problem. Even most of the media folks I speak with share my concern. As Martin Baron, the Washington Post’s Executive Editor, said in reflecting on the problem, “If you have a society where people can’t agree on the basic facts, how do you have a functioning democracy?”

This is not just a fringe media problem; it is a mainstream media problem. A 2019 Gallup study said that only 13 percent of Americans surveyed have “a great deal” of trust in the media. Only 41 percent of those surveyed said that they have either a “fair” or “great deal” of trust in media. That compares with 55 percent having such confidence in 1999 and 72 percent in 1976. The dramatically decreased trustworthiness has even plagued icons of journalistic trust such as The Wall Street Journal and The New York Times, as sensationalism and commercialism have superseded accuracy and journalistic integrity as primary objectives.?

A number of media writers have in private told me that their editors have specifically hired them to write negative, sensationalistic stories because they sell best. They explained that the financial decline of print media and the public’s short attention span have required them to produce such attention-grabbing headlines and stories or face financial decline.

I also see this problem becoming a greater issue —perhaps the greatest issue—of the presidential election. One very senior political strategist explained that in the upcoming presidential election only about 500,000 people—i.e., the swing voters in the swing states—will determine the election and the way these voters will be won is with critical sensationalistic headlines. As a result, this strategist works with those in the media to bring that about. To me that is a clear threat to democracy.

To be clear, I am not saying that distorted media is coming from all people in the news media or in all publications. In fact there are a number of true journalists and publications that seek to convey accurate information and there are newer outlets in new formats such as podcasts that produce excellent media. Also, social media platforms like the platform we are now communicating on allow large groups of people to communicate directly whereas in the past traditional media controlled all large-scale communications. Still, the problem remains.

What can be done to fix this problem? While I’m no expert on this, I will throw out a few thoughts. 

The news media is unique in being the only industry that operates without quality controls or checks on its power. It has so much unchecked power that even the most powerful people and companies are afraid to speak out against it for fear of recrimination. At the same time we all treasure our free press. I think it would be terrible for our government to regulate it.

Perhaps because the loss of credibility is a threat to the media, prominent media organizations might explore ways of self-regulating the quality of what they are producing, or create ratings in the way the Motion Picture Association of America provides its movie ratings. If the industry created a self-regulatory organization that set standards and conveyed assessments of quality as is done in a number of other industries, perhaps that would work. Or perhaps private organizations—perhaps NGOs—would come forth to rate the quality of major media outlets accuracy.

via zerohedge

4 COMMENTS

  1. Media, just like the Government needs to show they are there to be impartial. But since the “coup” players have their OWN fake news in CNN and let’s not forget the ever lying MSDNC, the deterioration of journalism will continue.

    BUT there is light….yep Fox News Channel, though some will sway towards the “coup” agenda in their way, there are those who do give you facts and real news. It’s needed to be said over and over again, but that’s ok. TDS and the poison pill of CNN and MSDNC HAD big affect but those who really want the truth are starting to see thru the smoke screen. So keep it up.

    Like the rest that this “coup” has TRIED to destroy….Our Constitution, The Three Branches of Government, Rule of Law, it will be a time before it’s back on track. Draining the swamp will be a HUGE climate change and Freedom will breath a LOT better by doing this. The USA and the World will be a better place.

    GOD BLESS PRESIDENT TRUMP! GOD HELP THE USA!

  2. https://www.breitbart.com/politics/2020/01/19/exclusive-devin-nunes-cnn-in-defiance-of-federal-judge-order-to-respond-to-defamation-lawsuit/

    “It’s ironic how all of this blends together,” Nunes said on Breitbart News Sunday. “Remember the reason that CNN went with the story in the first place: it was right after the grand opening of the Democrats’ impeachment charade, and I think by all reasonable accounts, I was the person in the lead on that as the ranking member. And they didn’t like that myself, and John Ratcliffe, and Mike Turner and all the members of Congress — Elise Stefanik, Jim Jordan — I think we did a pretty good job without any witnesses practically destroying their entire narrative because all of their witnesses had no firsthand knowledge.”

    Yep, shame on all of you! lol. Great job by the way, thank you!!!!

    Hoping you get your day in court Rep. Devin Nunes. You deserve it for all the BS you and your team were put thru by this arm of the Democratic ilk. MSDNC should be sued too for all their hatefilled fake news.

    GOD BLESS PRESIDENT TRUMP! GOD HELP THE USA!

  3. https://www.breitbart.com/clips/2020/01/20/jeff-flake-difficult-for-gop-lawmakers-to-speak-out-against-trump-because-they-want-to-keep-their-jobs/

    lol, a “FORMER” representative who is a NEVER-TRUMPER. Well, President Trump will be here this year and the next 4 years. In my humble opinion, I think the NEVER-TRUMPERS are worried about keeping their jobs. The Republicans I’ve seen, especially in the House have been fighting NOT just for the President, but for the CONSTITUTION. A document that is shredded by Democrats and NEVER TRUMPERS.

    The Republican Party is a LOT stronger because they are choosing to Fight instead of “appease”. So glad to see that. And after President Trump, I think a new “fighting” Republican party will do just fine. Need it desperately as what the Democrats and their “appeasing” NEVER TRUMPERS did to this Great Nation, has to be cleaned up.

    So go away Never Trumpers, Republican party doesn’t need this type of TDS in their ranks. The Democrats LOVE it so I think you might as well change your “R”ino to a D. It will get rid of the swamp stink from the Republicans that are standing alongside a Republican outsider who IS changing the party for the better.

    The BEST is yet to come!

    GOD BLESS PRESIDENT TRUMP! GOD HELP THE USA!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*