In the past journalism was an act of courage, revealing truths in the face of powerful establishments and risking jail or even death. Today except in such repressive regimes as as Syria or Russia and except for war correspondents it is becoming the refuge of disconnected cowards.
In my entire career I have never seen a financial journalist go to “the other side”, that is pull the trigger or engage in risk taking or in any situation in which one can be exposed to harm from one’s opinion. This can be generalized to journalists in general, who rarely, if ever, switch to doing, all the while pontificating on “Steve Job’s mistakes” or similar purported errors of others, or praising Geithner and other powerful frauds. Jazi Zilber wondered why journalists seemingly so knowledgeable about politics never become politicians. It is the same problem: modern journalists are designed to be either cowards, or have a need to escape reality.
Yet the tragedy is that doers are in contact with the world through journalists.
(SKIN IN THE GAME (BOOK VII), comment)

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