> [T]he business press has a different incentive to get the facts right, Chomsky says, which is why the FT is his regular read. “Those who Adam Smith called ‘the masters of the universe’ have to understand the universe. They have to have a tolerably realistic understanding of the world that they are managing and controlling. That’s true of political elites as well, but the business world particularly. Also, the business press essentially trust their audience. They don’t have to impose propagandistic illusions to keep the rabble under control.”
> [T]he business press has a different incentive to get the facts right, Chomsky says, which is why the FT is his regular read. “Those who Adam Smith called ‘the masters of the universe’ have to understand the universe. They have to have a tolerably realistic understanding of the world that they are managing and controlling. That’s true of political elites as well, but the business world particularly. Also, the business press essentially trust their audience. They don’t have to impose propagandistic illusions to keep the rabble under control.”