I am sometimes told that I should not “bang on” about the Economist journal (much in the way that Mr. Cameron tells everyone that they should not “bang on” about the endless regulations that come from that absurd extra layer of government called the European Union), as it is just another leftist publication like the Guardian, the Independent, the Financial Times (the newspaper for corrupt, politically connected, “business people”) and so on.
However, people continue to defend the Economist so it is worth “banging on” about it.
The Economist stands, at least most of the time and in the case of most nations in the world, for more money for the various ‘pubic services’ and for more regulations (gun control, anti trust – competition policy and so on) as part of its Welfare State ideology and ‘perfect competition’ (i.e. neo-classical excuse for endless government intervention) conception of economics. So its defenders’ claim that it is ‘free market’ is very obviously false.
However, the defenders of the Economist make another claim – that the journal provides coverage of world news that an ordinary newspaper does not.
In a break in a series of Kettering council events I popped out to the town library and had a look at the Economist – I wanted to read its reports on the local elections in Spain and Italy.
There was one line “centre left governments do badly” – no reports on the elections, nothing on what cities and regions were won by who. Even concerning nations in the European Union – the entity that the Economist supports and claims to know so much about.
The Economist fails the final test – it did not even bother have a proper report on either set of elections. It does not provide coverage that ordinary newspapers do not.