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'Before the term 'fake news' came into common use, the media actively peddled the flagrant fiction that the Global Crisis of the late 2000s resulted from the misguided policies of governments. To understand this 'rewriting' of the crisis capitalism brought upon us read this book. The author reveals the full iniquity of the media transforming commonsense into pernicious nonsense' -- John Weeks, Professor Emeritus of Economics, SOAS, University of London 'Laura Basu provides a thoughtful and brilliant examination of how mainstream media have so completely failed to cover the economy in a manner that encourages democratic governance, or a sound economy... Highly readable, Basu's book should be required reading for faculty and students in media departments, as well as economics and political science!' -- Robert McChesney, co-author, People Get Ready: The Fight Against a Jobless Economy and a Citizenless Democracy 'This is a fascinating account of elite and media attempts to repair the neo-liberal hegemony in the wake of the 2008 crash, and prolonged recession. Based on careful factual analysis and eloquently written, it will be of wide interest to academics and students in media studies, politics, and economics as well as activists' -- Professor James Curran, Goldsmiths, University of London

'An essential read' -- Peace News 'Required reading' -- Open Democracy 'Before the term 'fake news' came into common use, the media actively peddled the flagrant fiction that the Global Crisis of the late 2000s resulted from the misguided policies of governments. To understand this 'rewriting' of the crisis capitalism brought upon us read this book. The author reveals the full iniquity of the media transforming commonsense into pernicious nonsense' -- John Weeks, Professor Emeritus of Economics, SOAS, University of London 'Laura Basu provides a thoughtful and brilliant examination of how mainstream media have so completely failed to cover the economy in a manner that encourages democratic governance, or a sound economy... Highly readable, Basu's book should be required reading for faculty and students in media departments, as well as economics and political science!' -- Robert McChesney, co-author, People Get Ready: The Fight Against a Jobless Economy and a Citizenless Democracy 'This is a fascinating account of elite and media attempts to repair the neo-liberal hegemony in the wake of the 2008 crash, and prolonged recession. Based on careful factual analysis and eloquently written, it will be of wide interest to academics and students in media studies, politics, and economics as well as activists' -- Professor James Curran, Goldsmiths, University of London

'This is a fascinating account of elite and media attempts to repair the neo-liberal hegemony in the wake of the 2008 crash, and prolonged recession. Based on careful factual analysis and eloquently written, it will be of wide interest to academics and students in media studies, politics, and economics as well as activists' -- Professor James Curran, Goldsmiths, University of London 'Before the term 'fake news' came into common use, the media actively peddled the flagrant fiction that the Global Crisis of the late 2000s resulted from the misguided policies of governments. To understand this 'rewriting' of the crisis capitalism brought upon us read this book. The author reveals the full iniquity of the media transforming commonsense into pernicious nonsense' -- John Weeks, Professor Emeritus of Economics, SOAS, University of London

Author Information

Laura Basu is a fellow in the Media and Communications Department at Goldsmiths, University of London, and at the Institute for Cultural Inquiry, Utrecht University. She is the author of Media Amnesia (Pluto, 2018), and editor of The Media and Austerity (Routledge, 2018).

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