A free press shines a light on those seeking rents thru government favoritism
Friday, March 21, 2014
Bloomberg Tempering its Reporting in China
Bloomberg has to decide to report on business in China accurately and with real insight, otherwise what are they and their terminals good for? Efficient allocation of capital requires good information that only a free press can generate. If Bloomberg let's itself become a house organ of the Chinese government then their information is suspect. Imagine the result if China could manipulate the Bloomberg screens to appease their crony capitalism tastes? This isn't like a local paper not wanting to offend its advertisers.
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