Why Mainstream Media is Failing Us with Izabella Kaminska - WBD638
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 29 March 2023
⏱️ 76 minutes
🧾️ Download transcript
Summary
Izabella Kaminska is a journalist and founder and editor of The Blind Spot. In this interview, we discuss the failure of current mainstream journalism to cover subjects properly, why the destruction of the middle class is dangerous for democracy, the endemic problem of corruption in politics, and the need for an honest economic orthodoxy.
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In a lot of ways, we are in a gold age of media. There have never been so many different ways to consume news and opinion. This has been triggered by many factors: deregulation, technology and the atomisation of modern society. But, this also creates a significant number of problems. Principally, whilst there is more freely accessible information, it is now harder to discern fact from fake.
The commercialisation of news has resulted in a race for clickbait: polarising reporting, increasing sensationalism, and relegating in-depth examination. Conversely, those organisations seeking to remain impartial such as the BBC, end up getting lost in a sea of conflicting missions. This has resulted in the BBC failing in its main mission to inform, educate and entertain.
This is why new media brands are becoming important promulgators of information, increasingly at the expense of traditional media organisations. Amongst all the noise, people are looking for honest and relatable brokers of news. Further, people are craving more intellectually curious, nuanced and detailed analysis. This is the demand Izabella Kaminska's The Blind Spot media venture is seeking to fill. A demand that mainstream media is unwilling or unable to satisfy.
It's hard: building a new brand takes time. But, without such content, groups on both the left and right will continue to mischaracterize issues that require understanding, trade-offs and proportionality. This will exacerbate the problems of polarisation and the veiled promotion of corporate interests. We need more journalists like Isabella willing to report the truth.
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Transcript
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| 0:00.0 | The system is better off with a neutral asset that can price everything because without a neutral asset you have no pricing of anything. |
| 0:10.0 | Money must be neutral and there is no neutral money outside of Bitcoin at a moment |
| 0:15.1 | Hello there. How are you all doing? I have a good week got my boy Danny here over in the UK |
| 0:21.1 | Sloinover. We're getting ready for a crazy couple of weeks here in Bedford. |
| 0:24.9 | We're recording 18 shows in my hometown and then we're finishing off with a WBD live event. |
| 0:30.7 | I cannot wait, cannot wait to see wait see some of you anyway welcome to the |
| 0:33.9 | what B coin did podcast which is brought to you by Gemini the only place I'm |
| 0:37.8 | using for buying Bitcoin I'm your host Peter McCormack and today I've got a |
| 0:41.2 | banger of a show to you I've got Isabella Kavinsky on the show okay so Danny has been |
| 0:46.8 | nagging me for a while to get Isabella on the show and I've known Isabella for a while we met we hung |
| 0:51.6 | out in Amsterdam at the Bitcoin conference and when she was in |
| 0:54.8 | London we finally made it happen sadly Danny couldn't be here for it so we're gonna have to do |
| 0:58.9 | it again sometime now this was originally meant to be a show discussing media, but we ended up discussing much broader things. We got into the role of democracy and why democracy and media both seemingly failing right now. |
| 1:11.0 | Now, I really enjoyed this, could have done with another hour, maybe another couple of hours, so I'm sure Isabella will be back on the show and I'm sure I can have Danny there as well. |
| 1:19.0 | Now if you got any feedback on this or anything else, please hit me up, my email address is hello, what Bitcoin did. If you want to come to our live |
| 1:24.9 | address is hello what Bitcoin did.com. If you want to come to our live event |
| 1:25.3 | W. B. D. live on April the 15th with Jeff Booth, James lavish, |
| 1:29.3 | Lawrence, Lawrence, Ben Ark, head over to what Bitcoin did.com and click on W. B. D. live and if you want to get and then |
| 1:35.0 | head over to what Bitcoin did.com and click on WBD live and if you want to get some bonus content |
| 1:36.0 | then please head over to our Patreon which is |
| 1:38.0 | Patreon.com forward slash what Bitcoin did. I promote, well I use because I actually use it and this sounds like so staged. |
| 1:49.2 | Here we go. |
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