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The Watchdog That Didn't Bark - The Financial Crisis and the Disappearance of Investigative Journalism (Hardcover)
Loot Price: R556
Discovery Miles 5 560
You Save: R142
(20%)
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The Watchdog That Didn't Bark - The Financial Crisis and the Disappearance of Investigative Journalism (Hardcover)
Series: Columbia Journalism Review Books
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List price R698
Loot Price R556
Discovery Miles 5 560
You Save R142 (20%)
Expected to ship within 12 - 17 working days
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In this sweeping, incisive post mortem, Dean Starkman exposes the
critical shortcomings that softened coverage in the business press
during the mortgage era and the years leading up to the financial
collapse of 2008. He locates the roots of the problem in the origin
of business news as a market messaging service for investors in the
early twentieth century. This access-dependent strain of journalism
was soon opposed by the grand, sweeping work of the muckrakers.
Propelled by the innovations of Bernard Kilgore, the great postwar
editor of the Wall Street Journal, these two genres merged when
mainstream American news organizations institutionalized muckraking
in the 1960s, creating a powerful guardian of the public interest.
Yet as the mortgage era dawned, deep cultural and structural
shifts-some unavoidable, some self-inflicted-eroded journalism's
appetite for its role as watchdog. The result was a deafening
silence about systemic corruption in the financial industry.
Tragically, this silence grew only more profound as the mortgage
madness reached its terrible apogee from 2004 through 2006.
Starkman frames his analysis in a broad argument about journalism
itself, dividing the profession into two competing
approaches-access reporting and accountability reporting-which rely
on entirely different sources and produce radically different
representations of reality. As Starkman explains, access journalism
came to dominate business reporting in the 1990s, a process he
calls "CNBCization," and rather than examining risky, even corrupt,
corporate behavior, mainstream reporters focused on profiling
executives and informing investors. Starkman concludes with a
critique of the digital-news ideology and corporate influence,
which threaten to further undermine investigative reporting, and he
shows how financial coverage, and journalism as a whole, can
reclaim its bite.
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