The Media's Roll in the Current Economic Crisis

The economic downturn in America and the rest ofthem in the future. Sure they needed them when they
the world was not reported by media outlets, instead,were laid off, but the big companies knew that they
they created their own reality by reporting that thecould, and should, shrink their work force in the same
economy was sliding downhill, and that at the end of itway as they had reduced their overseas and
all, the whole world's economy would be in shambles.domestic orders for goods.
As soon as the media started to pick up the mantraAs companies around the world laid off workers, the
of doom and gloom in world economics, the leaderseconomic disaster that the media had been reporting
and managers of the world's largest businessesbecause a self-fulfilling prophecy. Since the companies
started looking for ways to save money in the leanthat produced consumer goods, had laid off their
times ahead. This "Tightening the Belt Mentality" isworkers, the workers didn't have any money to spend
what really created the havoc seen around the world,on goods and services that they would have bought if
as economy after economy started to shut downthey still had their jobs. As production workers were
because of lack of orders for their goods.laid off, service workers followed due to a lack of
As the order for goods dried up, companies in seconddisposable income by the buying public.
and third world countries had to lay off workersWhen you look at the history of this economic mess,
because of the lack of work. As the work ordersand how it looked like it was orchestrated by the
dried up from the United States, UK and rest of themedia, it makes you wonder who made all the money
European Union, these workers quit buying products inwhen the price of gas dropped by $2.50 per gallon. It
their own countries, and the rest of the world watchedmight be interesting to see who sold off all their shares
as the economic disaster that the media had beenbefore the stock market collapsed, and who bought
reporting, started to take place.them all back when it bottomed out. Sure it'd be hard
As companies in the industrialized nation of the earthto prove, but it would definitely be interesting to see
quit sending out orders for goods from their secondwho made all the "LOST" money in this "Economic
and third world neighbors, they also started to lay offCollapse".
workers of their own, because they wouldn't need