Media myths
in The pound and the fury
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Chapter 4 looks at the media as a place that is supposed to form a bridge between the elite sites explored in the previous two chapters (finance and politics) and the ‘everyday’ people in chapter 1. The chapter starts by outlining the democratic role of the media and its importance in educating the public about the economy and holding elites to account. Having established the media’s importance, the chapter moves on to an ethnography of a financial magazine and the many conversations had with people working in economic journalism. The interview material and ethnographic observations show that the media promotes a self-serving vision of the economy that aids the myth stemming from the other elite spaces visited.

The pound and the fury

Why anger and confusion reign in an economy paralysed by myth

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