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Objectivity as Fiction

New York Times pride itself being objective, its motto is “All the News Fit to Print”. Despite its history of Jayson Blair, Judith Miller, White Water, and present war against Hillary Clinton.
When China started to allow the currency RMB to be more free against Dollar last Tuesday, causing depreciation about 3.5% in 3 days, I was expecting NYT to provide some cogent analysis, instead we got some muddled ideological attacks about currency war, desperation on economic slow down, promoting export, and now Paul Krugman finally opened up with China trying to control Market (Capitalism).
He first attacked China for trying to stabilize the stock market as an attack on the sacrosanct Market. Then he opened up on the currency move, while admitting RMB is overvalued, he attacked China for trying to manage the decline as against Market, as against Capitalism God. He admits some temporary measures might be warranted, but long term attempts to dominate the market is doomed to failure.
Dr. Krugman maybe knowledgeable on Keynesian economics. I wish he look at the mirror and do some searching. What does he think Federal Reserve has been doing since the financial crisis of 08. It has been controlling the market for 7 years now, zero interest rate, QE 1, 2,…, SP500 more than doubled, savers being squeezed and forced into stocks, life insurance companies worrying about paying the annuities, the profit rise and revenue decline has reached limits as employees pay the price, the whole structure might tumble down as Janet Yellen contemplates the first interest rate increase that might cause the whole structure to collapse.
Paul Krugman thinks Chinese leaders have no clue of market. I think he has no clue what does Chinese leader such as Xi wants. He’s correct that China wants to control the Market, for their goal is Socialism and China Dream, and if you let market control you rather than the reverse, then the goal is impossible.
In West there is the fallacy of objectivity, as if you can look an event objectively and unbiased. NYT prides on being objective, yet it allowed itself being used to invade Iraq, causing millions of casualties, which I haven’t seen an apology yet. Now I read about the sex slavery of ISIS, such are the unintended consequences. John Oliver of HBO talked about the Obama pardons of some drug offenders, yet he also interviewed 2, like thousands of others, serving life sentences for minor drug offenses which are legal in some states now, and that’s human rights which NYT avoids.

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