Friday, March 22, 2013

The Balance of Power and the Power of Balance


I get frustrated with the lack of balance in what I watch and read. A good example is the death of Hugo Chavez, which led to a number of obituaries. Time gave very few statistics, but talked about his effective populism and belittled his background. The Economist acknowledged his populism, but tried to play down is regional influence, while using selective graphs to try to demonstrate the negative effect of his policies. The Guardian weekly gave the piece to Tariq Ali, who lauded his regional influence and beneficial effects on the poor of Venezuela, paying almost no heed to the legacy of currency crisis and democratic deficit. Meanwhile US so-called TV news said hardly anything, and what it did say could have been written by the CIA or some rich Cuban-American lobby group.

 

What should I believe? The best I can do is critically analyse the various sources and create as balanced a view as I can. Usually the Economist does a reasonable job of at least providing some figures and some depth of argument, but even the Economist has its blind spots. One example is the Tobin tax, which it consistently rubbishes with very lazy arguments (hard to collect –rubbish; a good idea but only if everyone does it – so champion then!).

 

What would really help are better common indicators. GDP, inflation and currency value strike me as poor indicators, since they don’t effect ordinary people all that much, yet for many years these have been the standard metrics most often quoted. Unemployment rate is better but even that can be manipulated by make-work schemes: nonetheless it was good to see jobs used as the main target for both parties in the recent US election, over something only financiers care about.

 

I am sure there must be better metrics out there. The Economist has done well this year with its campaign for equality of opportunity, and its constant reference to ease of doing business. It also frequently quotes education levels and health indicators such as child deaths. The regular survey on child wellbeing is excellent, but seems to need a lot of research.  Happiness levels so far are hard to pin down, since they require surveys and will be so affected by culture.

 

But surely we can come up with a balanced set of metrics? Last week I visited the UN with a visitor and went on their tour. At the end I felt an odd mixture of hope and despair. One good sign was the millennium goals, which appear to have targeted good universal benefits and to have had an impact, even if it did require Bill Gates. But these goals feel a bit dated by now – a good organisation renews long-term goals regularly. Where is the next set, with exciting targets for 2025? Surely that is an opportunity to use the latest thinking on good progress metrics.

 

This sort of thinking would also help to understand whether Chavez and his ilk really have a positive side. This matters, for the conventional capitalist view is really creaking. We have to learn from everywhere and challenge our assumptions. Which is why it is so sad that most mainstream publications almost seem defined by their assumptions.

 

In the US, it is very hard to get any balance at all. I watched BBC World News for half an hour last night, and saw more interesting global perspective in that half hour than anything on TV for six months. I also saw Fox news. This is set up as a sort of chat format, rather like breakfast TV, with the newscasters offering inane comments. The content of the first twenty minutes was:

-          A non-story about a parent of the Sandy Hill massacre talking to the perpetrator’s father

-          The weather (on probably the most boring weather day for a month)

-          Obama in Israel, reasonably balanced but short and dominated by sound bites provided by the administration

-          A suspicious little story about a rocket attack in Israel with no injuries (“thank goodness”). Why placed here, I asked myself?

-          An abused pet in New Jersey is getting better (I promise I am not kidding)

-          A minor star may or not enter rehab in New York

-          The Kardashians haven’t decided on a baby name yet, but might choose something starting with K

-          Local travel, more weather and some sport

 

At least this wasn’t a party political broadcast, but as news it was woeful. It is no wonder that most Americans have no perception of the world around them. Last week on Fox, some executive interrupted his own newscast to offer a broadside against Bloomberg’s proposed ban on super-sized drinks. It is amazing how much bile so harmless a proposal has generated. His arguments were:

-          New Yorkers don’t like being told what to do

-          The proposal is not a complete solution (two cups were shown, one of which would remain legal but appeared more harmful than the other)

-          It would be hard to enforce

-          Large-size soda is only a small part of the obesity problem

 

Notice the overlap with the Economist arguments against Tobin? And notice the speciousness of the arguments – even if all are true, the ban is still a small step in a good direction. Then think why a head of Fox would bother to interrupt his main news programme with such guff, unless there is some sponsor or lobby money behind it.

 

And here is the rub. Money. It is hard to escape the conclusion that the agenda is set by money. Fox fills its news with celebrity gossip because that improves ratings. Its stance on issues is set by those that pay to keep the station going. There is a blurring between content and advertising that suits the money men.

 

Fox may be the bad, but everyone is at it. The Guardian is not immune, nor the Economist. Meanwhile, statistics are consistently debased. An ad by the association of US realtors (estate agents) quoted a survey stating that people owning their own home were on average happier, as an argument to get more people to buy a home. What tosh! Of course richer people in stable family environments are the ones in owned homes, and of course they are on average happier. But someone renting does not become happier by buying, indeed probably the opposite. Somehow they get away with this, since watchdogs here seem to be non-existent.

 

Sorry for the rant. Back to the theme of the blog. Is this lack of balance getting worse or better? And is power more concentrated now or less?

 

Schumepeter as usual set me thinking. In our frustration at blatant unfairness and vested interests dominating we rush to bemoan the one per cent. But actually power is becoming more ephemeral. Even major corporations can collapse overnight now, such is the speed of news and extent of media. Just ask Mubarak. Power may have more scope for abuse now, but it is fragile. Indeed, the fragility of power may lead to its abuse, as those in power attempt ever-more-wildly to shore up their positions. This trend carries risk, but is ultimately very good for humanity.

 

I could say the same about balance. True, money talks, and people sometimes become populist or fail to notice the con. But at least now we generally have a choice of media, including blogs, to read. Balance is certainly elusive, but at least theoretically possible nowadays. It is frustrating to have to go shopping for balance, but at least there are some shops out there.

 

I also hope that the next generation will be better equipped to shop and discern wheat from chaff. Youngsters know how to use computers and to research nowadays, and to use all the media they have available. There is even progress in education. In English, my kids (grade 8) are doing a module about debate, forming arguments and researching alternatives. This is so much more useful than the English I was taught, based just on grammar and literature. The next generation might be able to watch the Fox executive and be able to see straight through his arguments.

 

As individuals, all we can do is shop as widely as we can for balance and accept the cacophony out there. We can challenge our own assumptions and always be suspicious of the money bias. We can campaign for better metrics, and less lazy journalism, cheer wikileaks, and abhor anything covert, including the secret services from our own countries.

 
And we can stay cheerful. When we are frustrated, we can cheer the fact that things are probably better than they were, and will probably soon become better still, for more and more people. If the cost is some chaos to live through (a Beppe Grillo led government?), and some personal frustration in the search for balance, we can still celebrate that the steps forward outnumber the ones backward.

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