60% in market: Gallup

Miles Jackson cqmv at odin.cc.pdx.edu
Tue Nov 2 10:53:58 PST 1999

On Tue, 2 Nov 1999, Doug Henwood wrote:

> I think you're right on the ideological subtext, but you should also
> never underestimate the ignorance and laziness of most mainstream
> journalists, or the ingrained habits of their profession. It would
> never occur to them that a stat like that needs a context. And given
> the imperatives of objectivity and all that, they see their duty as
> just reporting the fact that's been released to them; history,
> theory, and context are squishy and subjective and therefore deeply
> suspect.
> Doug

Okay, so why don't they report the fact that 90% of the stock wealth is owned by about 10% of stockholders? Are they too lazy to mention this, or could there be political reasons for sweeping this objective fact under the rug?


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