The political economy of populism

The media and politicians have an economic and political interest in fomenting defamation and defamation. Thanks to the rise of the internet and social media, this has become even more useful. As a result, democracy and political journalism are eroding, says Bass Jacobs, professor of economics and public finance at Victoria University.

The elections for the County Council and the Senate are, unfortunately, yet another example of the growing shortcomings of our democracy. Serious media has been hit with BBB fever, as it was four years ago by FvD. Both episodes seem to have in common that these parties managed to get the maximum amount of political airplay with a political platform that was almost devoid of substance.

Fake media is nothing new. But modern media has proven to be an incredibly effective technology at generating noise and smearing. In the beginning, the Internet was still seen as an inexhaustible source of independent information that would ensure greater control of the existing political power. There is very little of that left now due to the rise of social media platforms, such as Facebook, Twitter, and later Instagram and TikTok. New media undermines democracy and political journalism. There is a compelling economic logic…

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