Who owns the news channels that you read, watch and listen to?
Most are owned by very wealthy people. You need to be very wealthy to buy a newspaper or a radio or TV station. And social media channels like Facebook and X are owned by some of the world’s wealthiest people.
Do you think that the very wealthy owners of these various channels bought them because they wanted to play at journalism? Or do you think they bought them to help them grow their wealth?
I only ask, because the wealthiest 10% of Americans have hoarded 68.3% of the country’s wealth, while the poorest 50% share just 2.5%. That looks like the wealthy are grabbing as much as they can.
You may think the only fake news is told by the other side. Your channels only ever tell the truth. Yet, it doesn’t matter whether the channel is conservative or liberal. It convinces you to accept government actions that continuously hand more to the wealthy, even as you and your neighbors struggle day to day.
If a country had more food than it needed and then their government borrowed more food from other countries, taxing the people to pay the interest on the borrowed food, wouldn’t you expect independent media to report on the absurdity of it? Why don’t they report on the absurdity of borrowing money?
The wealthiest 10% of Americans could pay off the entire US national debt with just a third of their wealth. The US government has borrowed over $39 trillion which the country never needed. The top 10% could clear the entire debt and still have two thirds of their wealth left.
But your favorite news source, whether conservative or liberal, will explain to you it’s an absurd suggestion that the wealthy could pay off the debt. The real world isn’t that simple. Unfortunately, the only possible solution is for poor people like you to pay the interest on huge wealth that has been hoarded by just a few very wealthy people.
They’ll insist that the claim that the wealthy could clear the debt is clearly fake news. And if we were wealthy, we’d probably insist it was fake news too.
So, is fake news simply news that we don’t like?
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