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It’s the Economist, Stupid

by Toby Young
4 January 2022 7:00 AM

We’re publishing an original essay today by David Stacey about the failure of the Economist to critically evaluate the pro-lockdown case. You’d expect the Economist, which prides itself on its mastery of data and its political independence, to inject a note of scepticism into its coverage of the global pandemic. Instead, it’s just slavishly regurgitated the official narrative. Here’s an extract:

With its data analysts, its unquestionably talented writers and economically literate worldwide readership the Economist was surely well placed to rise above the global Covid hysteria and rigorously pursue its masthead ambition of “taking part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress”.

From the start, however, it has, along with the rest of the legacy media, been consumed by an ostensibly virtuous but myopic fixation on “death with covid” mortality figures to the exclusion of all else. At the same time as Andrew Lewis observed in a letter to the magazine on July 24th 2021, portraying those who oppose lockdowns as “crackpots motivated by conspiracy theories”. Each week the Economist’s pages have been filled with the evidence of the disastrous costs of lockdowns (which it unfailingly refers to as the “cost of covid”) and the economic and social crises they have created, while failing to show that the lockdowns made any material difference to the spread of the virus. The Economist had the opportunity to provide serious, fearless, real-world, data-driven coverage that challenged the official “truth”, shone a light on the unprecedented vested interests and explored other strategies, the economic impact of which might have been less disastrous, not least for developing countries. Countries with whose welfare the magazine has previously aligned itself, where tens of millions have been plunged into poverty.

Worth reading in full.

Tags: Covid HysteriaThe BBCThe Economist

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63 Comments
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watersider
watersider
3 years ago

The Economist?? Who are they? Who reads it? Does it matter?

28
0
Arum
Arum
3 years ago
Reply to  watersider

‘Legacy media’ says it all

24
0
TheyLiveAndWeLockdown
TheyLiveAndWeLockdown
3 years ago
Reply to  watersider

Reading the economist as a traditional capitalist is like reading a legacy geography magazine and seeing most of the articles being about the flat earth!

22
0
ComeTheRevolution
ComeTheRevolution
3 years ago
Reply to  watersider

The Economist is an old Rothschild publication.

Sir Evelyn Robert de Rothschild was Chairman of the company from 1972 to 1989. Although The Economist has a global emphasis and scope, about two-thirds of the 75 staff journalists are based in the London borough of Westminster. However, due to half of all subscribers originating in the United States, The Economist has core editorial offices and substantial operations in New York City, Los …

It specialises in cryptic and not so cryptic covers which tell the world what is really going on and what is coming. For example they left no doubt as to what Convid was really about with this not so cryptic cover from March 2020:

comment image

Note the reference to ventilators. Must get Convid patients onto ventilators. To “save” lives.

The Chinese Communist Party’s Global Lockdown Fraud
https://ccpgloballockdownfraud.medium.com/the-chinese-communist-partys-global-lockdown-fraud-88e1a7286c2b

3. Deadly Recommendations for Early Mechanical Ventilation Came from China
In early March 2020, the WHO released COVID-19 provider guidance documents to healthcare workers.[44] The guidance recommended escalating quickly to mechanical ventilation as an early intervention for treating COVID-19 patients, a departure from past experience during respiratory-virus epidemics.[45] In doing so, they cited the guidance being presented by Chinese journal articles, which published papers in January and February claiming that “Chinese expert consensus” called for “invasive mechanical ventilation” as the “first choice” for people with moderate to severe respiratory distress,[46] in part to protect medical staff. As the Wall Street Journal later reported:

Last spring, doctors put patients on ventilators partly to limit contagion at a time when it was less clear how the virus spread, when protective masks and gowns were in short supply. Doctors could have employed other kinds of breathing support devices that don’t require risky sedation, but early reports suggested patients using them could spray dangerous amounts of virus into the air, said Theodore Iwashyna, a critical-care physician at University of Michigan and Department of Veterans Affairs hospitals in Ann Arbor, Mich.

At the time, he said, doctors and nurses feared the virus would spread through hospitals. “We were intubating sick patients very early. Not for the patients’ benefit, but in order to control the epidemic and to save other patients,” Dr. Iwashyna said “That felt awful.”[47] (emphasis added)

In New York and other cities, early and often ventilator use became a common theme, and it had devastating consequences for patients.[48] On March 31, 2020, Dr. Cameron Kyle-Sidell, who had been caring for ICU patients at one of the hardest-hit hospitals in New York City, acted as an early whistleblower, sounding the alarm about the ventilator issue in a widely-shared video:

We are operating under a medical paradigm that is untrue… I fear that this misguided treatment will lead to a tremendous amount of harm to a great number of people in a very short time… I don’t know the final answer to this disease, but I’m quite sure that a ventilator is not it… This method being widely adopted at this very moment at every hospital in the country … is actually doing more harm than good.[49]

An April Reuters interview with dozens of medical specialists made it clear that mechanical ventilator overuse had become a global issue: “Many highlighted the risks from using the most invasive types of them — mechanical ventilators — too early or too frequently, or from non-specialists using them without proper training in overwhelmed hospitals.”[50]
By May 2020, it was common knowledge in the medical community that early ventilator use was hurting, not helping, COVID-19 patients, and that less invasive measures were in fact very effective in assisting recoveries.[51] A New York City study found a 97.2% mortality rate among those over age 65 who received mechanical ventilation.[52] The “early action” ventilator guidance that the WHO distributed to the world killed thousands of innocent patients; the WHO obtained that guidance from China.
—————————-
“Its a Big Club, but you aint in it”. Said George Carlin. China, however, is in the Big Club. China was used as the launchpad for Convid.

Last edited 3 years ago by ComeTheRevolution
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rtaylor
rtaylor
3 years ago
Reply to  ComeTheRevolution

The Economist are owned in part by:

The Agnelli family (own Juventus FC/Ferrari) = 43.4%
Rothschild = 21%

On their board is Lynn Forester de Rothschild was reportedly was friends with disgraced financier and convicted sex offender Jeffrey Epstein. He claimed to have given her financial help in the 1990s during her divorce from Andrew Stein.
Alex Karp is another on the board with a bio written by Shakespeare.

5
0
karenovirus
karenovirus
3 years ago

Now that I am no longer working, having never once been in the dole and with an absolute minimum number of days ‘off sick’ in 43 years, I don’t care about the economy (income used to fluctuate according to its general health).

Just gimme the money DHSC !

Last edited 3 years ago by karenovirus
14
-4
Lucan Grey
Lucan Grey
3 years ago
Reply to  karenovirus

I don’t care about the economy

You should care about it more once you are no longer involved. Who do you think is producing the surplus that you need to live? You can’t eat pound notes.

20
0
paul smith
paul smith
3 years ago
Reply to  Lucan Grey

Not since they went all ‘plastic-y’, anyway. You might still be able to swallow the coins, though.

7
0
Banjones
Banjones
3 years ago
Reply to  paul smith

They went ”plastic-y” so it’d be easier to say they need to be dispensed with because they’re ”environmentally unfriendly” – like plastic straws, etc.

1
0
karenovirus
karenovirus
3 years ago
Reply to  Lucan Grey

It would have been difficult to trade the service that I used to provide for a sack of spuds.
Life is so much easier now. There are no pound coins involved; digital ‘money’ appears on my online bank, I do a bit of tippy tappy on the internet or, if pushed, make a phone call and stuff gets delivered ! Fantastic !

Dunno why I wasted 43 years working .

10
-2
Username1
Username1
3 years ago
Reply to  Lucan Grey

Give her some slack

2
0
huxleypiggles
huxleypiggles
3 years ago
Reply to  karenovirus

You need to re-think this KV. The economy is everybody in this country, on this planet. When the economy goes belly up -1930’s Weimar Germany, Mugabe’s Zimbabwe recently – people stsrve and when people starve societies start to self-destruct.

Anybody relying wholly on the largesse of a government is in a particularly vulnerable place unfortunately, although none of us are immune to their machinations.

6
0
Lucan Grey
Lucan Grey
3 years ago

A more likely explanation is that the Economist is just the Watchtower for the Globalist Church – a publication of religious beliefs.

Modern economics is as detached from reality as any other branch of theology. Hence why their predictions are Ferguson compliant in their accuracy.

Last edited 3 years ago by Lucan Grey
57
-1
cornubian
cornubian
3 years ago
Reply to  Lucan Grey

Yep. The filthy rag peddling todays current round of globalist propaganda is owned by giant corporations and huge asset management companies, including the Rothschilds.

7
0
Darryl
Darryl
3 years ago
Reply to  Lucan Grey

Good description, there has never been a globalist war or cause they haven’t fully supported.

8
0
refusenick
refusenick
3 years ago

Duh. It’s a globalist rag.

25
0
JustMe
JustMe
3 years ago

Absolute rubbish. The Economist gave up on data when it became an opinion piece for Remainers to read. I cancelled my subscription about 9 years ago.

60
0
rachel.c
rachel.c
3 years ago
Reply to  JustMe

Same here. After years of reading pieces critical of the EU they became masters of project fear.

21
0
Arum
Arum
3 years ago

Minton Beddoes? We had a house there. Delightfully unspoiled, you know.

9
0
stewart
stewart
3 years ago

The Economist supported the invasion of Iraq.

True to their title of economists, they are brilliant at telling you what happened after the fact but useless at advice or good judgement.

Expect a brilliant analysis in a few years time of why lockdowns and all the other measures were a mistake.

51
0
karenovirus
karenovirus
3 years ago
Reply to  stewart

The latter point pre-empted by the Guardian this morning apparently.

13
0
DoctorCOxford
DoctorCOxford
3 years ago

It’s been at least five years since The Economist was worth reading. I used to pull articles and scan them to save them, then one day I realized I hadn’t pulled an article in months and cancelled my sub. They are still very good at showing a graph or chart, but making sense of it or stated the obvious the refuse to do if it will anger the wrong people. Sad.

30
0
Username1
Username1
3 years ago
Reply to  DoctorCOxford

I subscribed to it aged 17 years old. Ahead of my time!
Cancelled at 20.
Also ahead of my time!

13
0
Viv
Viv
3 years ago

I wonder if the increasing signs that we’re facing inflation this year will make some of the economist editors take notice. However, I predict that, when they do, they’ll blame it on Brexit, as the CEO of the British Retail consortium has already done – scroll down here:
https://independencedaily.co.uk/your-ongoing-betrayal-tuesday-4th-january-2022/
There’s more on ‘covid chaos’ in that article – a ‘chaos’ which of course won’t lead to inflation – the idea!

Last edited 3 years ago by Viv
12
0
Will
Will
3 years ago

How much money has the Economist received from Bill Gates?

Last edited 3 years ago by Will
19
0
Username1
Username1
3 years ago
Reply to  Will

William Who?

1
0
Farmer Charlie
Farmer Charlie
3 years ago

‘Political independence’????

6
0
Annie
Annie
3 years ago

Not just the Economist. The whole imbecile crew. Look at the ‘scientific’ journals.

18
0
Anonymous
Anonymous
3 years ago

Subscribed to this rag in the early 2000’s when still impressionable, and I imagined that I was getting an educated, highbrow, numbers-based view on the world. A little while later the GFC revealed that they offer only horribly biased pseudo-scientific reporting – with half-truths, twisted statistics and a forgetful rearview mirror. Shockingly bad from a numbers point of view, and I dropped them like a rock.

This Covid debacle revealed similar issues with the Spectator, and I’ve sadly had to drop them too. They offer only total and utter garbage on the politics of government restrictions and criminal vaccines. No wonder James left.

18
0
Username1
Username1
3 years ago
Reply to  Anonymous

Are you actually James

5
-3
cornubian
cornubian
3 years ago
Reply to  Username1

Well spotted .

2
0
huxleypiggles
huxleypiggles
3 years ago
Reply to  Anonymous

Both the Spectator and Spiked have been appalling throughout the C1984 scam.

I started a Spectator subscription but dropped it after the first month. Spiked lasted longer until Brendan O’Neill tried to make a case for mandatory “vaccination” of residential care home workers. That was one hot brick too far. Ditch. It hasn’t improved, still waffling about identity politics and trans rights, as if these will exist in the New World Order.

9
-1
J4mes
J4mes
3 years ago

The Economist is the bankers magazine, it’s their bit of fun. Who do you suppose is responsible for driving the covid fraud? Same people who deliberately crashed the world economy and walked away even richer.

14
0
BoycottEuropeanEmpire
BoycottEuropeanEmpire
3 years ago
Reply to  J4mes

‘Merchant bankers’, in rhyming slang.

1
0
Aleajactaest
Aleajactaest
3 years ago

“You’d expect the Economist, which prides itself on its mastery of data and its political independence”

Seriously TY? The Economist? Just who do you think your audience is?

13
0
cornubian
cornubian
3 years ago
Reply to  Aleajactaest

Nice one.

1
0
RTSC
RTSC
3 years ago

The Economist is a left-wing, Globalist magazine.
I’m not in the least bit surprised it, uncritically, pushed the left-wing, Globalist policy of lockdowns. Every part of the legacy media in the UK pushed the Government’s propaganda.
Only Talk Radio and in recent months GB News have pushed back a bit.

20
0
Darryl
Darryl
3 years ago
Reply to  RTSC

Talk Radio and GB News have only offered a very controlled questioning of the narrative within the Overton window.

The presenters on both outlets have defended Blairs Knighthood and won’t go near most subjects. What can we expect of Murdoch and Discovery Inc. owned outlets? (both World Economic Forum supporters).

8
0
Stephensceptic
Stephensceptic
3 years ago

The value of commenting here is that hopefully The Economist scan critical articles of themselves.

I used to love this magazine in the 80s when I was at university and it was free market oriented with good articles and features on geopolitics.

Stopped reading it in the 00s, when it was already going woke. Made the mistake of subscribing again three years ago. Total mistake and I have since canceled.

It is a pro Woke, pro Covid totalitarianism, pro Globalist polemic these days. I can get that for free by browsing the feeder pages on my Linked In account.

Fascinating how almost the entire Western worlds Third Estate has almost entirely gone mad en masse. Have been reading Hannah Arendt’s “The Origins of Totalitarianism” over Christmas. Lots of parallels with what is happening now. Professor Desmet’s views of a Mass Formation also make a lot of sense and feel linked.

Worth remembering that the totalitarians of the past were often the most educated members of society. Goebbels had a phd, the Nuremberg Laws were written by Dr Wilhelm Stuckart, one third of the attendees at Wannsee had phds. The Bolsheviks were similarly intellectual.

There is a certain arrogance involved in thinking that one knows what is good for everyone else that only intellectuals of the type who write for The Economist can rise to.

Last edited 3 years ago by Stephensceptic
25
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cornubian
cornubian
3 years ago
Reply to  Stephensceptic

You identify totalitarians from the past but make no mention of who are todays totalitarians – and I’m not alluding to all the political puppets who do their bidding.

3
0
eon
eon
3 years ago

I use to listen to, and receive the newsletter of an ex-Economist writer Azeem Azhar, called Exponential View.

My interest waned shortly after his prediction that the virus would spread exponentially in March 2020, and like Sam Harris, he just turned into continual pushing of one doom laden mRna-tech-is-the-new-alchemy perspective from then on, it was really disappointing.

Reading his newsletters now, it seems clear he (and probably other Economist writers) are simply salesmen for big tech and tech startups, masquerading as journalists.

He is convinced that if we are at 450ppm CO2 by 2030, we’re all doomed. Naturally the only answer is “AI” (a ridiculously broad term similar to the old “big data” term), lithium batteries and solar power – sweeping away any negatives those technologies may entail.

Last edited 3 years ago by eon
9
0
JayBee
JayBee
3 years ago

It’s indeed been a disappointment.
As was and is the vast majority of its audience, namely the managers, bankers, entrepreneurs and trade organisations, who all sold their souls too.

5
0
Gordon Hughes
Gordon Hughes
3 years ago

I have been subscriber to The Economists for more than 50 years and I have worked closely in the past with some of their journalists and editors. From this perspective it is clear that the magazine has gone various incarnations. Even today much of the reporting remains better than anything you will get in the daily press. However, the editorial line has become more aligned with fashionable East Coast (US) opinion. In part this reflects the increasing dominance of US subscriptions and corporate advertising. In addition, the background and interests of the editors has shifted. This started a couple of editors ago but has become very apparent under the current editor. Her husband has longstanding ties to the Washington Post and Newsweek (both controlled by Bezos nowadays).

A related factor is their almost total abomination of Trump and the wider views of Republican America. In the past Economist reporters were interested in the flyover states. Today these only serve the purpose of demonstrating the rightness of liberal East/West Coast opinion. As US politics has become more polarised The Economist has chosen or been pushed to become more and more a mouthpiece for one side in that divide. Its editorial views on Covid, climate change, Brexit, etc reflect its almost complete failure even to attempt to understand or analyse alternative views of the world. There is only “right” view and anyone who thinks otherwise is either a charlatan or corrupt.

Last edited 3 years ago by Gordon Hughes
24
0
cornubian
cornubian
3 years ago
Reply to  Gordon Hughes

You make it appear that, in order to stay relevant, this rag moulds itself to public opinion when in fact its the other way round. Its owners are attempting to mould public opinion into their way of thinking.

7
0
Darryl
Darryl
3 years ago
Reply to  cornubian

Yes, it’s another Social Engineering tool. They feed through their future vision of the world to future influencers through outlets like the Economist. Why else would the Rothschilds have held onto the title for years otherwise, they would have made a much better return financially elsewhere. All about keeping control of the narrative and controlling minds.

7
0
Mark
Mark
3 years ago

Globalist propaganda rag pushes globalist propaganda line. Hardly news.

6
0
Moist Von Lipwig
Moist Von Lipwig
3 years ago

Since when has ‘The Economist’ had anything to do with economics?

4
0
Sforzesca
Sforzesca
3 years ago

If you think that’s bad, try “New Scientist” weekly. But Don’t buy the dam thing.
Absolutely 100% devoted to bigpharma and the miracle of “vaccination”.
Any critical analysis allowed?

What do you think.
I gave it up over two years ago. Screw them and most of the rest of the MSM especially the BBC.

Phew, I feel a bit better for that rant.

19
0
Hardliner
Hardliner
3 years ago
Reply to  Sforzesca

Yes, NS is very diappointing nowadays. It has swallowed the Climate Change agenda hook line and sinker, and wont brook any discussion on the matter

11
0
Annie
Annie
3 years ago
Reply to  Sforzesca

Absolutely right. For a rag that regularly poked fun at religion, it has espoused the Covid religion with astounding commitment.

6
0
RickH
RickH
3 years ago

The last thing the Economist is, is ‘politically independent’.

6
0
Darryl
Darryl
3 years ago

The Economist have for a couple of decades promoted and supported a digital currency, the WEF Great Reset / Fourth Industrial Revolution agenda and Transhumanism and AI.

Its writers are all wealthy metropolitan elite types usually with links to the UN, World Economic Forum and Globalist NGOs. Many also hold directorships and advisory roles with big business.

It was previously entirely owned by the Rothchild banking dynasty, who aren’t exactly know to care for the interests of the slave class.

Why on earth is it a surprise they supported the anti human, soulless lockdown? I would be amazed if they didn’t. Unfortunately, I used to give money to them every week.

14
0
hi60
hi60
3 years ago

Unfortunately, as a 25+ year subscriber to The Economist, it continues to drift ever further to the political and ideological technocratic left, like all main stream legacy media, and incresingly most facets of modern Western society.

Similarly, this phenomenon feels to have expotentially accelerated since the Hayekian retreats of the dot-com bubble stimulus, the subprime bubble stimulus, Sue “Zanny” M-B’s introduction and the political class rejection of deplorable results in 2016 of democracy – and this is during China’s totalitarian success of the past 3 deacdes, an appealing alternative to democracy for the political classes.

Whereas to my experience it may once have claimed to be politically impartial, centrist or centre right and conservative, writers have been emboldened to produce personally scathing main-article pieces against Trump, Johnson, their administrations and conservatve economic and politcal values, whether one feels they’re deserving or not.

Their preposterous model of Covid-19 statistic ‘estimates’ is a classic case. They simply extrapolated the vastly overclocked case, hospitalization and death figures from the UK and US to the rest of the world, already perenially debunked on this excellent website. Opting not to instead, conservatively extrapolate the far fewer, and arguably more accurate figures; realistic cases of positive tests screening for min. 3-4 Sars-Cov-2 genes at CT <25 plus positive examination diagnosis, or hospitalization FOR Covid, or death FROM exclusively Covid etc etc.

It’s flaws and technocratic transparency are manifold and appear terminal, absent a new period of Western enlgihtenment. The one redeeming feature for any readers interested in economics and finance is it’s continued strength as a contrarian indicator, especially using the late Paul Montgomery’s “Magazine Cover Indicator”:

The logic behind Montgomery’s unique contrarian indicator goes like this: By the time a particular trend reaches the cover of a major publication, it is so widely embraced by the public that “everyone is in” – i.e., there is no one left to perpetuate it. Therefore, the trend is close to reversing … often with a vengeance.

Many more valid complaints could and have been levelled at The Economist. Let’s hope honesty and enlightment can go viral.

14
0
brianmp
brianmp
3 years ago

This criticism is also legitimately be levelled at so many elements of traditional (trending legacy) media. It was not difficult to substantiate sceptical analyses, from as early as March/April 2020; and yet it was not done. A huge amount of unnecessary collateral damage has followed. Well said the author.

7
0
honig1902
honig1902
3 years ago

Gave up reading The Economist years ago. Its irritating article headings, absence of impartial or informed analysis, self-satisfied preaching, sharp move away from its free trade pro market origins makes it worse than The Guardian.

9
0
Sforzesca
Sforzesca
3 years ago
Reply to  honig1902

Nooo!
Nothing was, is, or ever will be worse than that thing.

5
0
Cristi.Neagu
Cristi.Neagu
3 years ago

Totally off-topic, but I recently came across this site looking at the effects of ivermectin, and everyone should know about it: https://ivmmeta.com

2
0
BoycottEuropeanEmpire
BoycottEuropeanEmpire
3 years ago

‘Political independence’? The ECONOMIST? Come on Toby, get real!
An appalling outfit. Its long-standing euro-nutter stance and offensively smug house style – plus the shallowness of the articles – destroyed its credibility many years ago.

Last edited 3 years ago by BoycottEuropeanEmpire
2
0
Think Harder
Think Harder
3 years ago

Who owns the Economist?

0
0
marebobowl
marebobowl
3 years ago

I gave up all msm 18months ago. Boy does that feel,good. The Economist has always been a namby pamby rag.. Never willing to take stance on well, on anything.

0
0
Banjones
Banjones
3 years ago

”You’d expect….” No, we wouldn’t. Money talks. Every man has his price. Etc.

0
0
shackec
shackec
3 years ago

The Economist has been a joke (as far as economics go) for the past two decades. It is now a wokerati rag. Serious analysis? Get serious!

0
0
didymous
didymous
3 years ago

Since Zanny Minton Beddoes became its editor the Economist stopped any kind of considered, rational, critical journalism about a series of important issues to turn it into a campaigning, mouthpiece for the agendas set by her globalist friends in the Bilderberg Group and the UN. She has made sure that The Economist pursues relentless, uncritical, fear-mongering activism over Brexit, Global Warming and Covid and ensured the blinkered trivialisation of what used to be one of the world’s most reliable and important magazines.

2
0

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News Round-Up

25

Alasdair MacIntyre 1929-2025

27 May 2025
by James Alexander

Lies, Damned Lies and Casualty Numbers in Ancient History

26 May 2025
by Guy de la Bédoyère

Lord Frost: “The Boriswave Was a Catastrophic Error”

26 May 2025
by Laurie Wastell

The Legal Case Against the AfD Has Collapsed

25 May 2025
by Eugyppius

Plebeians Can No Longer Rant About Bloody Murder

25 May 2025
by James Alexander

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