Mainstream media ignore entrepreneurs

Businessman Dan Kennedy writes on the Business & Media Institute site Wednesday that the business media does a good job of reporting about entrepreneurs, but the mainstream media ignores their story during difficult economic times.

Kennedy writes, “The millions of people – including those who perpetually buy politicians’ nonsense that they can give us prosperity or health care or whatever — who never read business media never see or hear about these stories. They are left with the mainstream media-promoted picture of the U.S. as a moribund place in total economic collapse. They receive nothing but bad news, and with more gloom and doom on its horizon, they’re told the only conceivable salvation is to jettison of capitalism in favor of socialism.

“So they’re prepared for the invasion of government equity snatchers and the massive new regulation of every business from corner store to giant manufacturer. They’re not shocked when the government doles out trillions in bail-outs, for bridge building, for computerizing medical records, or — as recently requested by its mayor — for driving prostitutes out of downtown Dayton, Ohio. The millions who never read business media and rely on Katie or Brian or Wolf or — worse — Jon Stewart for their news are being lied to by grand omission, driven to paralysis and despair, convinced that only a benevolent, socialist bureaucracy can save them. Gee, and we bemoan the lack of consumer confidence.”

Read more here.