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The Media Monopoly

A couple years ago the corporate media cartel was fixated on divisive tales of misplaced mosques and Glenn Beck kindergarten revival gatherings- this one in the “tens of thousands”.  That meant 90,000 illiterates max. or as few as 20,000 of these frightened homophobic morons.  Much of what little exists of progressive media chose to air their own endless dronings of the 8% of Americans who were gullible enough to fall for the laughable Mr. Beck and his corporate funded Tea Party schtick.

In 1991 of couple busloads of us from Missoula attended a Gulf War protest in San Francisco where there were well over 1 million people in attendance.  The media barely covered it and for one day only.  There have been several protests of 1/2 million or more in Washington DC and capitals across the world over the Iraqi occupation over the past decade.  The media has largely ignored them.  So why does the corporate mind control monopoly choose to cover this tiny Tea Party faction of whack jobs 24-7?  The answer lies in the question.

Former Dean of the School of Journalism at the University of California/Berkeley, Ben Bagdikian reported in his 1982 book The Media Monopoly that 50 corporations controlled all mass media in the US.  By January 1990, Bagdikian said that number had dropped to 23 corporations.  By 1997, according to Standard & Poors, there were only 10: Time Warner, Disney (owner of ABC), TCI, News Corp., CBS (owned by Westinghouse), General Electric (owner of NBC), Gannett, Advance Publications, Cox Enterprises and the New York Times.

These corporations have turned on President Obama and for good reason.  In some of last week’s underreported news, Obama Transportation Secretary Ray LaHood announced a record fine on American Airlines for safety violations.  A few days later the Obama Security & Exchange Commission announced an investigation of the Chicago Mercantile Exchange (CME) and it’s monopoly over futures trading in the Treasuries market.

CME is largely owned by grain and meat packing conglomerates like Cargill.  These same firms have long rigged commodities futures markets, which are traded on its Chicago floors.  This is real news representing the first enforcement of existing anti-trust law in decades.  Yet the corporate media largely ignores it.

That’s because the media is owned by the same international bankster cartel that owns the airlines, the grain giants, the oil companies and all the rest.  A check of Fortune 500 corporations’ filings to the SEC confirms this as fact.

While the global banking cartel grabbed it’s trillion and ran, Republicans didn’t say a word about deficits.  The trillions wasted in Iraq and Afghanistan hasn’t bothered these hypocrites in the least.  Instead they attack Obama’s stimulus plan, which has translated into public library upgrades across Montana, community garden projects in southern Missouri, school lunch programs in Minnesota, which now buy food from local farmers, and Pell Grants so that poor kids can once again attend college across the US.

Thirty years of Reaganomics produced gigantic trusts, which have steadily cut jobs while raising prices on American families, wrecking our economy in the process.  Yet the media monopoly tells us to hold Obama responsible?

The masters of deception at Fox and CNN regularly feature political pundits predicting a mid-term election rout for Obama and the Democrats.  They hope.  But I wouldn’t bet on it.  Despite attempts by a highly-concentrated media cartel to shape our thinking, and despite the Tea Party corporate front and their billionaire Koch brothers funders, most Americans are smarter than that.

Dean Henderson is the author of five books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve, Stickin’ it to the Matrix & The Federal Reserve Cartel.  You can subscribe free to his weekly Left Hook column @ www.deanhenderson.wordpress.com

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Discussion

2 thoughts on “The Media Monopoly

  1. This is all about Free Speech. After all the gov’t (and their corporate cronies) censor the media and ban books like “America Deceived II”.
    Last link of “America Deceived II” before it is completely censored:

    Posted by Nick11766 (@Nick11766) | November 6, 2012, 2:45 pm
  2. You’re absolutely right, Dean, the corporations own the media, no question about it. But you’re not finishing the assignment. Corporations are made up of people, and as you know often these people are connected by many different relationships. Some are familial, ethnic, clubs, secret societies, and so on. Obviously, not all corporations are malevolent, you need to determine why these specific corporations are more intent to control and manipulate than others. therein lies the understanding of the matter.

    Posted by findawheigh | November 6, 2012, 9:02 pm

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