August 19, 2002
Frank on Pundits

Thomas Frank: Talking bull

We are finally rid of the most egregious corporate swindles of the 1990s. Why aren't the intellectual snake-oil salesmen following the dotcons into oblivion? On the most elementary level, it's because the nation's newspapers, thinktanks, magazines and TV networks have a great deal to lose were we to turn on the New Economy theorists in the manner they deserve. If the intellectuals of the 90s boom are to sink like the stock analysts and CEOs into the depths of public scorn, those newspapers and thinktanks would bear the brunt, too. After all, any comprehensive list of those guilty for puffing the 90s bubble would read like a who's who of American media.

posted by dru in us