Connect with us

Latest

Video

News

New York Times, Matt Damon, and Russel Crowe colluded over 10 years ago to squash Weinstein story

New York Times former reporter says paper killed Weinstein expose in 2004.

Alex Christoforou

Published

on

2,578 Views

Article first appeared on RPT


The liberal left New York Times knew what Harvey Weinstein was up to.

Hollywood golden boys, Matt Damon and Russel Crowe, appeared to have known what Harvey Weinstein was up to.

The liberal left media machine thought nothing of it, and decided to silence a story from Sharon Waxman that would have spared many young women from being subjected to Weinstein’s sexual power trips.

The Gateway Pundit reports…

The New York Times had the story all the way back in 2004 and squashed it after Weinstein himself appeared at the NYT headquarters and muscled the paper into silence.

Sharon Waxman is the founder of The Wrap and a former New York Times reporter. She said she “gagged” when she read Jim Rutenberg’s sanctimonious piece on Saturday about the “media enablers” who kept this story from the public for decades.

Waxman wrote about having the Weinstein scoop when she was a new reporter at the New York Times back in 2004 but after Weinstein, Matt Damon and Russel Crowe pressured her to stop her hit piece, the story was gutted.

Zerohedge reports that Sharon Waxman, the founding editor of The Wrap and formerly an entertainment industry reporter at the Times, revealed in a blog post published Sunday that she had reported out a similar story back in 2004, only for it to be quashed by top editors at the paper, who, instead of encouraging her to pursue the story, questioned its value and relevance after Weinstein had reportedly made a personal appeal demanding that it not be run.

Waxman applauded the two reporters who broke the story, saying she knows how difficult reporting on powerful industry figures like Weinstein can be. But she could only scoff at a column written by Times’ media columnist Jim Rutenberg blasting Weinstein’s “media enablers”, who had rerportedly turned a blind eye to his problematic behavior for decades. After all, she said, when it comes to keeping stories about Weinstein’s disturbing behavior from seeing the light of day, the Times was as complicit as anyone.

Via The Warp

I applaud The New York Times and writers Jodi Kantor and Megan Twohey for getting the story in print. I’m sure it was a long and difficult road.

But I simply gagged when I read Jim Rutenberg’s sanctimonious piece on Saturday about the “media enablers” who kept this story from the public for decades.

“Until now,” he puffed, “no journalistic outfit had been able, or perhaps willing, to nail the details and hit publish.”

That’s right, Jim. No one — including The New York Times.

Waxman recounted her own efforts ten years ago to expose Harvey Weinstein’s history of sexual harassment…

I traveled to Rome and tracked down the man who held the plum position of running Miramax Italy. According to multiple accounts, he had no film experience and his real job was to take care of Weinstein’s women needs, among other things.

As head of Miramax Italy in 2003 and 2004, Fabrizio Lombardo was paid $400,000 for less than a year of employment. He was on the payroll of Miramax and thus the Walt Disney Company, which had bought the indie studio in 1993.

I had people on the record telling me Lombardo knew nothing about film, and others citing evenings he organized with Russian escorts.

At the time, he denied that he was on the payroll to help Weinstein with favors. From the story: “Reached in Italy, Mr. Lombardo declined to comment on the circumstances of his leaving Miramax or Ricucci, saying they were legal matters being handled by lawyers. ‘I am very proud of what we achieved at Miramax here in Italy,’ he said of his work for the film company. ‘It cannot be that they hired me because I’m a friend.’”

Zerohedge notes that Waxman shared how she had convinced one of Weinstein’s victims to overcome her fears about violating an NDA to discuss her history with Weinstein.

“I also tracked down a woman in London who had been paid off after an unwanted sexual encounter with Weinstein. She was terrified to speak because of her non-disclosure agreement, but at least we had evidence of a pay-off.”

But despite Waxman’s best efforts, the story about Weinstein that she had reported never ran; instead, allegations of sexual harassment were removed from the piece, which was eventually buried in the culture section, after Weinstein launched a wide-ranging campaign to pressure the paper’s editors and owners – a campaign that involved personalized phone calls from celebrities like Matt Damon, who vouched for Weinstein’s character.

Damon and Crowe’s intervention into the NYT’s editorial process was not the only violation of journalistic ethics, as Waxman reveals that Weinstein was allowed to visit the New York Times newsroom to make his appeal…

I was told at the time that Weinstein had visited the newsroom in person to make his displeasure known. I knew he was a major advertiser in the Times, and that he was a powerful person overall.

But I had the facts, and this was the Times. Right?

Wrong. The story was stripped of any reference to sexual favors or coercion and buried on the inside of the Culture section, an obscure story about Miramax firing an Italian executive. Who cared?

The Times’ then-culture editor Jon Landman, now an editor-at-large for Bloomberg, thought the story was unimportant, asking me why it mattered.

Zerohedge continues…

Eight years after Waxman left the times, the shifting cultural climate created the conditions for Weinstein to be deposed, as rumors circulated that his brother may have been behind the Times story.

Also, with the New Yorker reportedly researching its own Weinstein expose, the Times was effectively forced to act lest it miss out on one of the biggest entertainment industry scoops of the year.

However, the Times isn’t the only media outlet that caved to pressure Weinstein. As Page Six reported Sunday, New York Magazine fumbled its own Weinstein exposed after Weinstein reportedly had the story killed.

Even after news broke, Saturday Night Live – which has made countless cheap jokes about allegations of sexual harassment pertaining to President Donald Trump – was conspicuously mute about Weinstein.

Unsurprisingly, journalists blasted Waxman for her column, questioning why she didn’t publish the story herself after founding the Wrap in 2009. Waxman clarified that five years had passed, and many of her original sources had disappeared. Furthermore, she was preoccupied building and running her own media business – an endeavor that soaked up all of her free time, and then some.

If nothing else, Waxman’s disclosure is a valuable primer in influence peddling by powerful figures. More importantly. It’s also an important reminder that, when the collective decision was made by a cohort of powerful media interests to turn a blind eye to Weinstein’s misdeed, the Times was just as complicit as its peers.

Waxman discussed her Weinstein sotry with Tucker Carlson…

Advertisement
Comments

Latest

Ukraine President Poroshenko moves to steal Russian Orthodox Church property

The Duran – News in Review – Episode 84.

Dmitry Babich

Published

on

The press service of the Patriarch of All Russias announced that the first person in the Russian Orthodox Church, Patriarch Kirill, will visit Istanbul on August 31, 2018, for a “very important talk” with his colleague, the Ecumenical Patriarch Bartholomew.

All Russia and all of Ukraine will be watching this meeting with their hearts beating. Bartholomew, even though not playing in the Orthodox world the same role as the Pope plays in the Catholic one, is in a “make or break” position now. Bartholomew has been asked by the Ukrainian president Petro Poroshenko to separate the Ukrainian “sister church” from the Moscow Patriarchate. The problem is that Russian and Ukrainian Orthodox believers belonged to the same church since Russia’s baptism in 988 AD, which makes it more than 1000 years. (Kirill is traditionally called the Patriarch of All Russias, meaning the White Russia, i.e. Belarus, and Small Russia, i.e. Ukraine.)

The head of the un-recognized pro-Poroshenko “alternative” Ukrainian church, Filaret Denisenko, said that Bartholomew’s agreement will mean an immediate confiscation of all the temples, chapels and monasteries in the country from the “pro-Moscow” church to the newly formed Unified Orthodox Church of Ukraine, which president Poroshenko announced would be founded right after getting Bartholomew’s eventual permission. Bartholomew’s response is awaited in September, so the visit of the Russian Patriarch to Bartholomew’s office in Istanbul has an urgent character. In Ukraine, several deputies warned of “bloody consequences” if the buildings of prayer start to be taken away from the traditional church.

The Duran’s Alex Christoforou and Political Analyst with Sputnik International, Dmitry Babich, discuss the move by Ukraine President Poroshenko to divide the Russian Orthodox Church and execute a massive land grab against the Russian Church that would be historic in size and scope.

Remember to Please Subscribe to The Duran’s YouTube Channel.


TURMOIL AROUND THE ANNIVERSARY

In The end of July 2018, on the eve of the 1030th anniversary of the Baptism of Kievan Rus, an Eastern Slavic proto-state, on whose territory the three modern states of Russia, Ukraine and Belarus are located today, the events of that long past epoch were suddenly echoed by some very modern pains. The authorities in Kiev, the site of baptism performed by prince Vladimir in 988 AD and currently the capital of Ukraine, spread fears among believers. Fears unheard of since Christianity was de facto “rehabilitated” in the former Soviet Union during the celebrations of the 1000th anniversary of the Baptism – under Mikhail Gorbachev in 1988.

The heads of Ukrainian transportation companies said in their many conversations with Ukrainian priests that they got “recommendations” from the authorities not to provide buses at the request of  peripheral parishes of the Ukrainian Orthodox Church of Moscow Patriarchate (UPTsMP in the local abbreviation). The aim of the authorities was to prevent UPTsMP from busing the believers into Kiev and holding a mass march there. Since UPTsMP openly condemns the ongoing civil war in Ukraine, refusing to call it a “Russian aggression” and retaining the word “Moscow” in its name, the authorities’ concerns are easy to explain. They were afraid that the march could be seen as a sign of the believers’ opposition to certain policies of the ruling regime in Ukraine. Namely, the policies aimed at total cut of ties to Moscow, advocated by the ruling regime in Ukraine.

PROBLEMS OF TRANSPORTATION

“We called dozens of various [transportation] companies and everywhere we heard total refusal. In the end, one of the heads of these companies confessed: they were unofficially prohibited to transport the believers to Kiev under threat of a physical violence,” the official site of the Ukrainian church quoted archpriest Oleg Dominsky as saying. Dominsky represented the Ovruch diocese of UPTsMP. https://ria.ru/religion/20180726/1525416709.html

Ovruch is located in the north-west of Ukraine, a few hundreds of miles away from Kiev. Similar complaints came from the Odessa, Nezhin and Chernovtsy regions of Ukraine. The metropolitan of the Ovruch diocese Vissarion said in an interview to the Kiev-based Ukrainian television channel  112UA: “Not only the transportation companies, but even simple believers face obstacles [on their way to Kiev]. People are… intimidated, some of them face threats of having problems with their jobs,” Vissarion said on 112UA channel. https://ria.ru/religion/20180726/1525416709.html

“SEPARATISTS” IN THE MAJORITY

However, on July 27, the UPTsMP’s  march in honor of the 1030th anniversary did take place, with about 250 thousand people attending it, according to the church’s own estimates. The deputy of Ukraine’s interior minister, Sergei Yarovoi, came with a much more modest estimate, telling the journalists that “about 20 thousand people took part” in the march of the church which the pro-government Ukrainian nationalist organizations often accuse of being “a pro-Moscow group of separatists in priests’ attire.”

Why was the Ukrainian government so much against the march commemorating something that happened 1030 years ago? “It had been clear long before the anniversary that this march would reveal the spiritual bonds between Ukrainians and Russians, since prince Vladimir during the baptism did not make any difference between these two nations. So, the authorities tried to prevent the march, while giving maximum support to an alternative event, organized by the so called Ukrainian church of Kiev Patriarchate, which is loyal to the authorities and calls the war in Ukraine a ‘Russian aggression,” said Vladimir Sinelnikov, the Ukrainian-born correspondent of the Russian Vesti FM radio station in Kiev. https://radiovesti.ru/brand/61178/episode/1860284/

According to Sinelnikov and several Ukrainian media outlets, the authorities are giving a clear preference to an “alternative” Ukrainian Orthodox church, the so called Ukrainian Orthodox Church of Kiev Patriarchate (UPTs KP), not recognized by any of the world’s Orthodox Patriarchates. This so called “church” is headed by “patriarch” Filaret Denisenko, an excommunicated former member of the Holy Synod of the Russian Orthodox Church who founded UPTsKP on the basis of Ukrainian nationalism and total rejection of any “spiritual communion” with Russia in 1992.

APOSTOLIC SUCCESSION

“We know that participants in the march organized by citizen Denisenko and his followers were bused in to Kiev by none other than the local administrations and other government bodies,” said Alexander Shchipkov, deputy head of the Russian Orthodox Church’s department for relations with society and media. “However, experience shows that excommunicated Denisenko and his so called church never attain the same numbers of supporters as the canonical Ukrainian church, which is officially a branch of the Russian Orthodox Church, sharing its apostolic tradition and many hundreds of years of history. For every true believer, this is more important than the government’s graces.”

According to historical records, Kievan Rus was officially baptized by prince Vladimir in the tenth century AD with the support and participation of the Greek Church in Constantinople, then the official church of the East Roman Empire, later referred to by historians as Byzantine. (In reality, the Byzantine emperors and their subjects called themselves Romans and considered their empire the same state as the legendary Roman empire of Julius Caesar. It is from Caesar that the word “tsar” emerged in the Russian language to designate the monarch, while Roman history became the root of the theory of “Moscow as the third Rome,” which presumed Moscow’s succession to the imperial city of Rome and its previous successor of Constantinople, the second Rome, that fell to Turkish hands in the fifteenth century.)

The first Orthodox bishops and metropolitans in Russia were Greeks from Constantinople, who got their “apostolic succession” from Christ’s own disciples, which visited Rome and Greece on many occasions, starting the tradition of “ordaining” new bishops and priests, which lasts to this day. Today, Russia, Ukraine and Belarus are in fact celebrating the 1030th anniversary of this unbroken tradition.

UNWANTED SEPARATION

“The strength of the Russian Orthodox Church and its Ukrainian sister UPTs MP lies in the apostolic succession, which the current Ukrainian government can neither provide nor imitate,” Moscow Patriarchate’s Shchipkov said. “The state cannot “create” a church, nor should it aspire to do it. But this is exactly what the Ukrainian authorities are trying to do, urging the Ukrainian Orthodox Church to merge with Denisenko’s entity and asking from the ecumenical Patriarch in Constantinople an autocephalous status for this new “united” Ukrainian church of their own invention.” In April this year, Ukraine’s president Petro Poroshenko and the country’s parliament did ask the Istanbul-based Patriarch Bartholomew to give “patriarch” Denisenko and his church an “autocephalous” status, thus breaking the more than 1000 years old link to Russia. Bartholomew is still considering that request. The Ukrainian Orthodox Church of Moscow Patriarchate protested, saying that it did not empower Poroshenko and Rada to ask Constantinople for any special new status for it. “This initiative is an abuse of power, an interference of state into church affairs,” the Church’s statement said. http://news.church.ua/2018/04/21/zayavlenie-ovcs-ukrainskoj-pravoslavnoj-cerkvi-po-povodu-obrashheniya-prezidenta-ukrainy-k-vselenskomu-patriarxu-varfolomeyu-otnositelno-predostavleniya-tomosa-ob-avtokefalii-pravoslavnoj-cerkvi-v-ukr/?lang=ru

SPIRITUAL LINK

However, besides a purely religious significance, today’s anniversary has an important humanitarian element, which goes far beyond the sphere of religion alone. Joint celebration of the Eastern Slavs’ baptism provides an enduring spiritual link between tens of millions of people, who in the 1990s suddenly became divided by newly emerged borders. Ukraine again gives the most vivid – and dramatic – example of this.

After the Maidan revolution in Ukraine in 2014 and the subsequent crackdown by the new authorities on all things Russian in that country, Ukrainian Orthodox Church of Moscow Patriarchate (UPTsMP) remained the only public organization in Ukraine which still legally has the word “Moscow” in its name. For millions of Ukrainian citizens, ethnic Russians or not, any kind of legal linkage to Russia is valuable and important. Besides the Cyrillic alphabet, which was given to both Russians and Ukrainians by the saintly teachers Cyril and Method in the 9th century, there are few non-Internet links that remain between the two countries. Already in the beginning of its rule in 2014, the new regime in Kiev terminated air flights between the two countries and banished Russian television and radio from Ukraine’s cable networks. Constant attempts to shut down the Russian embassy and to introduce a visa regime or just to close the borders are made from the Ukrainian side.

CHURCH SUCCEEDS WHERE GORBACHEV FAILS

But why does the church endure where diplomacy does not?

In the period of collapse of the Soviet Union as a successor to the Russian empire, which culminated in the country’s dissolution in 1991, the Russian church proved to be much wiser and more flexible than the Soviet state. It succeeded where the last president of the Soviet Union Mikhail Gorbachev failed.

“Russian Orthodox Church then gave its “periphery” so much autonomy, that this prevented the collapse of the whole structure. The unified state might collapse in tears, but the church did not follow it. It remained alive and did not give up its right to cater to believers on all sides of the newly emerged borders,” explains Yevgeny Nikiforov, the head of the Orthodox-oriented radio station Radonezh and a specialist in Russian church’s history.

Even before the collapse of the Soviet Union in 1991, Moscow Patriarchate allowed the sister churches in Ukraine, Belarus and Moldova to have their own budgets, to appoint their own bishops and to run all of their “earthly” activities (education, production of church items, etc.) without consulting anyone in Moscow. In return, the Russian Orthodox Church remained in “eucharistic union” with them, with representatives of these churches participating in the election of the Russian Patriarch of ROC. But what is most important, all believers in these countries and Russia can satisfy their religious needs on equal footing in any of these sister churches.

PATRIARCH IN DREAM OF KIEV

After his election in 2009, the Patriarch of the Russian Orthodox Church Kirill became much more active than his predecessors in propagating the idea of the “Russian world,” a free spiritual community of the individuals sharing Christian Orthodox values, anchored in Russian culture and having some knowledge (not necessarily proficiency) of the Russian language.

The tragic wars in Georgia and Ukraine in 2008 and 2014, when Christian Orthodox believers killed each other on both sides of the fronts, led to innumerable losses for both the church and its Orthodox parishioners. Dozens of Orthodox priests had to emigrate from Ukraine to Russia because of accusations of being “Moscow stooges.” But this suffering did not shatter the belief of Patriarch Kirill in the feasibility of Russian world and its benign nature.

For Kirill, there is a personal side to these conflicts: the tradition to celebrate the anniversaries of Prince Vladimir’s Baptism of Rus in Kiev, established by Kirill’s predecessors back in 2008, can no longer be continued because of the Ukrainian government’s negative stance towards him personally.

“The Patriarch feels very badly about the fact that the Ukrainian authorities do not let him visit Kiev, the cradle of Russian Orthodoxy,” explained Vladimir Legoyda, ROC’s representative in the Holy Synod’s department on public affairs. “For many centuries, this is the first time that the head of the Russian orthodox Church is facing such a constraint on his movement. But the Patriarch is sure that sooner or later such a visit will be possible again. We don’t support any sides in Ukraine’s war. We just want this war to end as soon as possible.”

Speaking to a convention of the world’s Orthodox churches’ representatives in Moscow on July 27, Patriarch Kirill denounced the attempts to divide and subdue the Ukrainian Orthodox Church, he condemned its discrimination and the attempts to disown it of its most famous  Pochayiv monastery and Kiev-Pechersk one. “For our church, Kiev is the same kind of a holy place as Jerusalem is for Christians of all creeds or Kosovo is for the Serb Orthodox church,” Kirill explained. He also asked the Ukrainian authorities not to “cut away” the Ukrainian church from the Moscow Patriarchate.

But will the official Kiev hear the Patriarch?  It may not, but after all, the link between the Russian and Ukrainian believers is really not of an earthly nature. And what God has tied together, will the governments be able to severe? Every true believer knows the answer to this question.

Continue Reading

Latest

Judicial Watch Calls for Re-Opening of Hillary Email Investigation After More Classified Info Found

Judicial Watching is calling for a re-opening of the investigation into Hillary Clinton’s emails after finding more classified information on the former Secretary of State’s non-“state.gov” email system.

The Duran

Published

on

Authored by Joseph Jankowski via PlanetFreeWill.com,


On Thursday, the watchdog revealed that it had received two batches, 184 pages and 45 pagesof newly uncovered emails belonging to Hillary Clinton from the U.S. Department of State sent and received over her unsecured server.

The emails were uncovered by a FOIA lawsuit filed on May 6, 2015, after the State Department failed to respond to a March 4, 2015 FOIA request seeking all emails sent or received by Clinton in her official capacity as Secretary of State, as well as all emails by other State Department employees to Clinton regarding her non-“state.gov” email address.

Judicial Watch broke down what they found:

  • On June 7, 2011, Clinton received classified information on her non-secure email account from former British Prime Minister Tony Blair, which Blair also forwarded to Jake Sullivan, about Blair’s Middle East negotiations with Israel, the Palestinians and the French
  • On January 26, 2010, Clinton’s Deputy Chief of Staff Jake Sullivan sent classified information via his unsecure Blackberry to Huma Abedin’s State Department email account that he’d earlier sent to Clinton’s and Abedin’s non-secure @clintonemail.com email accounts about U.K. negotiations with Northern Ireland.
  • On October 28, 2010, Clinton exchanges information with her friend Marty Torrey – a congressional aide – who asks Clinton in an email if she would advise that Torrey meet with former Pakistani President Pervez Musharraf. Clinton responds through her non-secure email account approving the meeting and notes that she is emailing him from Hanoi, Vietnam.
  • An email chain dated April 8, 2010, which contains a memo from Sid Blumenthal to Hillary Clinton related to the change of government in Kyrgyzstan, contains information classified “confidential” and is redacted as “foreign government information” and “foreign relations or foreign activities of the United States, including confidential sources.” Blumenthal urges Clinton to “develop relations” with the new government in Kyrgyzstan.

These emails caused Judicial Watch founder Tom Fitton to call for the Department of Justice to re-open the investigation into Clinton’s use of a private email server during her time in office.

“These emails were undercovered from the emails that Hillary Clinton tried to delete or otherwise hide from the American people,” Fitton said in a video posted Thursday. “These new emails once again show why the Clinton email investigation needs to be re-opened by the Justice Department.”

The batch of emails also disclosed a January 26, 2010, email to Hillary Clinton’s private server from her deputy chief of staff, Jake Sullivan, that is classified “confidential” and contains a “call sheet” that Clinton received prior to a call with Northern Ireland political leaders.

Interesting, but not surprising, is also an email that shows a meeting scheduled between Hillary Clinton and leftwing billionaire George Soros.

Continue Reading

Latest

Doug Casey on Social Media: “Facebook enshrines stupidity”

“Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook.”

The Duran

Published

on

Authored by Joel Bowman via InternationalMan.com:


Joel Bowman: G’day, Doug. Thanks for speaking with us today.

Doug Casey: No problem, Joel. It’s a pleasure to hear your Australian accent come across the ether from Mexico.

Joel: Let’s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company in stock market history – roughly $122 billion. CEO Mark Zuckerberg lost around $15 billion himself, as much as the annual GDP of several resource-rich, West African nations.

Looking back to 2000, during the go-go days of the dot.com boom, Intel and Microsoft both registered staggering single-day losses, too… $90 billion and $80 billion, respectively. And we know what happened next in that case…

So, investors want to know… is past prologue? What’s next for Silicon Valley’s tech darlings?

Doug: Talking about losing multiple billions in a single day, it’s really a sign of the times. I remember when the only billionaires in the world were Howard Hughes, John Paul Getty and John Beresford Tipton– the mythical billionaire on a 1950’s-era show called “The Millionaire.”

These days, however, it seems everyone’s a billionaire. In fact, there are several thousand billionaires roaming the planet today, with new ones being minted almost every day.

Of course, much of this so-called wealth is just paper. It’s not real. In fact, it’s pretty clear to me that we’re in a stock market bubble. Which is being driven by the bond market hyper-bubble. And that, in turn, is fueling a real estate bubble, which I believe is just now beginning to deflate in major cities around the world.

None of this augurs well for the stock market. You’ve got bubbles all over the place. Except in the resource market. That’s the one place that hasn’t inflated. In fact, it’s been going down since it’s last peak in 2011.

Getting back to Facebook, I hope it goes bankrupt. I hate it as an institution. I hate what it does. I don’t like its policies. I don’t like its management. I don’t like the fact that it’s causing people to destroy whatever privacy they have left. While turning their brains to mush sending out selfies all day.

Joel: You’ve put a lot on the table there, Doug. Let’s unpack a bit of that, starting with the general tendency toward cerebral rot…

Many younger readers may not remember this, but there actually existed a time before everybody knew everything, when people had to read books and discuss them, engage in healthy debate and rigorous dialectic in order to learn and develop intellectually.

Now that everyone apparently has plenty of time to Instagram their kale salads and “like” one and other’s cat pictures, are we to assume mankind has finally reached the End of Learning…some new Age of Enlightenment?

Or might Facebook and its (anti)social media cousins represent – in addition to the potential fallout for investors – another, hidden cost to society?

Doug: Perhaps humanity is bifurcating into the Morlocks and the Eloi at this point. It’s true that people used to go to libraries. But even the Library of Congress has only a tiny fraction the world’s data available; libraries are quaint and delightful, but they’re dinosaurs.

All the knowledge in the world is now at our fingertips on the Internet. The Internet is one of the greatest inventions in history, on a par with moveable type and the Gutenburg printing press. A few people are using it to educate and better themselves—but relatively few.

Most people just use it for trivial amusement, as you mentioned. Facebook adds very little value to the equation. In fact, I can’t see that it does much that’s productive. It’s basically a vehicle for gossip and watching cat videos.

Joel: And it’s less than that. Aside from the general degradation of public discourse, social media also represents a kind of unalterable historical record of bad jokes and regrettable moments, accessible to anyone who may wish to besmirch one’s character or skittle one’s reputation.

We’ve all said things we wish we hadn’t. To err is to be human, after all. What do you make of a world in which everyone’s worst moments are readily available to everyone else – including potential enemies – at the click of a mouse?

Doug: Facebook enshrines stupidity. A heavy Facebook user is, in effect, saying: “Look at me! I’m a thoughtless person who doesn’t have anything better to do with his time”. That’s on top of the fact that users are exposing their thoughts, actions, and whereabouts to the NSA, the FBI, the CIA and any of a hundred other nefarious agencies. In fact, there are credible allegations that Facebook, along with Google and Amazon, are willing tools of these intelligence agencies. No good can come of being a Facebookista.

But that’s about whether you should use Facebook. Whether you should own Facebook stock is a different question. Even after the recent selloff, Facebook still has a market cap of about $500 billion, which impresses me as a lot for a chat site cum advertising vehicle. Especially one where most of its growth is behind it. A lot of users are getting hip to the fact they’re not customers, they’re the product.

Facebook was a clever innovation ten years ago. But you know, there’s an old saying in the stock market: High Tech, Big Wreck!

Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook. My understanding is that kids now see Facebook as something used by old people– people over 21 years of age. So if it’s going nowhere with the younger generation, where’s it’s future? Maybe it picks up a billion new users in the Third World. Ultimately, what’s that worth?

Facebook may not be a terminal short sale, but I certainly won’t be putting any of my own money into the stock.

Joel: Assuming you’re correct and Facebook 2.0 does displace the current market leader, are you hopeful that such a platform may serve to promote a heightened level of discourse? Perhaps people might find their way into “phyles,” that is, subgroups based on commonly shared values that actually have real world meaning?

Doug: I hope that, in a year or two, International Man itself grows into a community of likeminded people with above average I.Q.s, libertarian values, and real world experience. IM might, itself, even branch off to become its own kind of Facebook. A private version.

I know there’s a lot of talk about regulating FB, or breaking it up. That’s a bad idea; the government should have zero to do with business in general—and areas related to free speech in particular. I’m disgusted by the fact FB has kicked Alex Jones and others off their platform. But they have a right to do so, as a private company. Although, on the other hand, they’re almost a creature of the State.

But that’s not an excuse for the government to “step in”. What will happen is that a newer, better Facebook lookalike—or a dozen of them—will replace them. FB will self-destruct. It’s a non-problem.

To be frank, you and I don’t really have that much in common with most of the 7.3 billion people on this planet. In fact, while I like many individual humans, I despise humanity in general. The more people you put together in a group, the more they act like chimpanzees. Big groups force down the lowest common denominator.

There’s some cause for optimism, but only on a person-to-person basis. I prefer the company of people who value free minds and free markets—and I suspect most people who are reading this now feel the same way.

Joel: That’s probably a very good note to end this conversation on, Doug. Thanks, as always, for taking the time.

Doug: Meanwhile, we’ll look for something with the potential of Facebook in 2008… and stay away from Facebook today.

Continue Reading

JOIN OUR YOUTUBE CHANNEL

Advertisement

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Waiting for PayPal...
Validating payment information...
Waiting for PayPal...

Advertisement
Advertisements

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement

Advertisements

The Duran Newsletter

Advertisement
Advertisement

Trending