Historically, crises were conveyed, even mediated, through gatekeepers.
Some of these were logistical: the newspaper was delivered once a day, the evening news didn't start till 6pm.
Others were structural. A journalist, their editor, even a newspaper's ownership may have dictated what stories you saw, and more importantly, how they were told.
We're now watching sovereign debt crises and policy reversals unfold in real-time. No editorial distance. No retrospective framing. Just raw feed.
This visibility is the biggest threat to economic and political power.
Some of these were logistical: the newspaper was delivered once a day, the evening news didn't start till 6pm.
Others were structural. A journalist, their editor, even a newspaper's ownership may have dictated what stories you saw, and more importantly, how they were told.
We're now watching sovereign debt crises and policy reversals unfold in real-time. No editorial distance. No retrospective framing. Just raw feed.
This visibility is the biggest threat to economic and political power.