- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

In US Election, Mainstream Media 'Exposed as a Corporate Propaganda Bullhorn'

© AP Photo / John LocherA camera operator waits in the debate hall before a CNN Democratic presidential debate.
A camera operator waits in the debate hall before a CNN Democratic presidential debate. - Sputnik International
Subscribe
The mainstream US media played a role of a "corporate propaganda bullhorn" in 2016 Presidential Election, former Wall Street hedge fund manager and financial analyst Mitch Feierstein told Sputnik.

WASHINGTON (Sputnik) — Donald Trump’s stunning victory in the US presidential election has exposed the mainstream American media as discredited propagandists for privileged elites, Feierstein said.

“Hillary Clinton was not the only loser last night: Traditional media has been exposed as a corporate propaganda bullhorn,” said Feierstein, author of “Planet Ponzi” and a 37-year financial services industry veteran who has worked in London, New York and Tokyo.

Feierstein said the United States’ founders saw a free, independent press as essential to the political system they were constructing. But today, corporate takeovers have created a timid, controlled media that conceals wrongdoing rather than expose it, he argued.

“Our media have abandoned their responsibility, as prescribed by our founding fathers, to protect our Constitution and to ensure that our democratic system of checks and balances remains firmly in place,” Feierstein asserted.

America’s ultra-rich and political powerful can rely on the corporate-owned media to cover up most scandals and excesses, he believes.

“The media willfully neglect to report on these real issues and will often downplay the criminal actions of the political elite,” Feierstein said.

Democratic presidential candidate, Sen. Bernie Sanders, I-Vt., speaks during a campaign stop on Sunday, March 13, 2016, at Ohio State University in Columbus, Ohio - Sputnik International
US Activists: 'Democratic Party Cared More About Defeating Sanders Than Trump'
He also expressed confidence that President-elect Trump will begin undertaking needed reforms once he takes office in January.

“I am an optimist, and I mean it,” Feierstein stressed. “Change is coming, and crisis will only make it come sooner. America voted for change — President Trump is only the beginning.”

During the presidential campaign, Trump succeeded in exposing selfish, corrupt practices within Washington’s political establishment to the public on an unprecedented scale, he explained.

“President Trump opened Washington’s kimono and it…was an ugly, pay-to-play cesspool of corruption. The time has come to ‘Drain the swamp.’ There’s a lot of work to be done.”

Republican presidential candidate Donald Trump puts on a miners hard hat during a rally in Charleston, W.Va., Thursday, May 5, 2016 - Sputnik International
The Hand-Off - What’s in Store for the Trump Brand?
Feierstein said he wrote “Planet Ponzi” to stir readers to action because he believes emotional commitment is crucial to igniting action to clear away the corruption from public life.

“My book is a part of that change. Reading it is part of that change. So too is anger and passion. The world needs those things. It needs them now,” he said.

Feierstein is a British-American investor, banker and writer who has been a columnist for UK newspapers the Daily Mail and the Independent as well as for the Huffington Post

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала