Sunday, May 18, 2014

Media-Borne Panics


                       
America has always had its share of catastrophic financial panics and urgent business problems. Many were brought on by special concerns and, occasionally, special interests. Follow the money or political trail and you get to see the inception of each.
                       
Some examples: DDT poisoning, genetically modified foods, global warming/cooling emergencies, killer bees, mad cow disease, over-population concerns, ozone holes, toxic tampons, the y2k disaster, and so on.
                       
All of these were or are still problematic or ill-conceived but are media- swept and promoted to produce a frenzy among their proponents. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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