Short video essay from Bill Moyers re Murdoch and the WSJ purchase.
Here's how it begins:
Bill Moyers Journal . Watch & Listen | PBS:
A Bill Moyers essay on what the potential buyout of Dow Jones and THE WALL STREET JOURNAL means for business coverage?
BILL MOYERS: If Rupert Murdoch were the Angel Gabriel, you still wouldn't want him owning the sun, the moon, and the stars. That's too much prime real estate for even the pure in heart.But Rupert Murdoch is no saint; he is to propriety what the Marquis de Sade was to chastity. When it comes to money and power he's carnivorous: all appetite and no taste. He'll eat anything in his path. Politicians become little clay pigeons to be picked off with flattering headlines, generous air time, a book contract or the old-fashioned black jack that never misses: campaign cash. He hires lobbyists the way Imelda Marcos bought shoes, and stacks them in his cavernous closet, along with his conscience; this is the man, remember, who famously kowtowed to the Communist overlords of China, oppressors of their own people, to protect his investments there.
The ambitious can't resist his blandishments, Nor his power to get or keep them in office where they can return his favors. Mae West would be green with envy at his little black book of conquests. Tory Margaret Thatcher. Labor's Tony Blair. George Bush. Even Jimmy Carter couldn't say no. Now Bill and Hillary Clinton, who know which side of their bread is buttered, like having it slathered by their new buddy Rupert. Our media and political system has turned into a mutual protection racket.
You will not be surprised to learn that Murdoch's company paid little or no federal income tax over the past four years. His powerful portfolio positions him to claim a big stake in Yahoo and his takeover of THE WALL STREET JOURNAL, now owned by the Bancroft family, which, like Adam and Eve, the parents of us all, are tempted to trade their birthright for a wormy apple.
