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Dean Starkman's presentation on journalism and the financial crisis

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We missed the signs ahead of the financial crisis in 2008, and we are missing them again. That was the take-away from Dean Starkman's powerful presentation on financial journalism at the International Journalism Festival 2018 in Perugia. He's kindly agreed to let me share his slides.

Published in: News & Politics
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Dean Starkman's presentation on journalism and the financial crisis

  1. 1. Journalism in a post- crisis word Why we remain vulnerable to unpleasant surprises
  2. 2. Illusion of normalcy Warning: not a barometer of social health Source: Wall Street Journal
  3. 3. Material incentives led to systemic corruption Source: Wall Street Journal
  4. 4. What Wall Street tells itself Don’t be fooled Source: Wall Street Journal
  5. 5. Pre-crisis political economy endures I Source: Wall Street Journal
  6. 6. Pre-crisis political economy endures II Source: Wall Street Journal
  7. 7. Pre-crisis political economy endures III Source: Wall Street Journal
  8. 8. What was missing?
  9. 9. Alternative media made the connection
  10. 10. Enter the global journalism crisis • U.S. Ad revenues at 1960s levels • Circulation won’t make up the difference • Newspaper trade group stopped releasing the figures in 2012
  11. 11. Unforeseen consequence: journalism retreats into coastal bubbles
  12. 12. Election 2016 by county
  13. 13. journalism crisis, democracy crisis: coincidence?
  14. 14. Risks of losing touch
  15. 15. Hungary has an extra dimension
  16. 16. Nearing total epistemic closure • Dave Roberts: “Conservatives are pulled with increasing gravity into an information vortex that simply has no analogue elsewhere in American politics.” • Benkler et al.:” Right-wing media (has become) an internally coherent, relatively insulated knowledge community, reinforcing the shared worldview of readers and shielding them from journalism that challenge[s] it.” • Fake news entrepreneur Paul Horner: • “My sites were picked up by Trump supporters all the time. I think Trump is in the White House because of me. His followers don’t fact-check anything — they’ll post everything, believe anything.”

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