Monday, December 5, 2011

Andrew Ferguson:
Reporters and columnists who cover business may be the most ideologically motivated journalists in any large newsroom. Various explanations have been advanced for why this is so. One possibility is envy: If you’re of a certain cast of mind, few experiences are more embittering than watching people who are dumber and less sophisticated than you make a lot more money. Whatever its cause, we shouldn’t question the hostility that most business reporters express toward buying, selling, marketing, investing, and every other underregulated activity that a businessman uses to create wealth that the reporters can’t get their hands on.