Thursday, July 02, 2009

A tale of two narratives

Bernie Madoff is rightfully receiving universal condemnation and ridicule for swindling investors out of 50 billion dollars. He is always described, among other things, as a rogue, thief, scoundrel, and criminal, . His financial “victims” are said to be “ruined” and “suffering”.

Meanwhile, Michael Jackson is receiving universal acclaim as a musical genius, even as his financial records indicate a negative net worth of over 500 million. Apparently, Michael Jackson swindled creditors out of over 500 million dollars. His financial victims are never mentioned or even acknowledged in media reports.

Perhaps 1 billion dollars is the line of demarcation. Probably not. Expecting the media to be fair and truthful is always expecting way too much.