Wednesday, August 30, 2017

Slick maneuvers

Click here to access article by economist David Ruccio from Real-World Economics Review Blog. (Note: you will need to know what "stranded assets" mean to capitalists.)

This article presents another illustration of how media corporations serve only the interests of industrial corporations even when the latter's operations will likely cause major catastrophes. 
We now know, thanks to a study by two Harvard University researchers, Geoffrey Supran and Naomi Oreskes, that Exxon acknowledged that climate change is real and human-caused in 83 percent of peer-reviewed papers and 80 percent of internal documents. Yet, 81 percent of editorial-style advertisements it placed in the New York Times from 1989 to 2004 expressed considerable doubt.