Reprinted from The FUNdamentalist (September 1997)
On October 20, for $7 you could have heard ABC’s 20/20 personality John Stossel speak on “Greed and Freedom.” Sponsored by the Acton Institute, Stossel was to speak about the evils of regulation and the “unnecessary level of fear that exists for the American consumer.”
Of course Stossel would say this, he works for ABC, which is owned by Disney, a company that makes its money off of the slave labor of mostly women in poor countries around the world. Stossel, who used to be a consumer advocate and activist-reporter has now become one of corporate America’s favorite pundits. According to Jeff Cohen and Norman Solomon in their most recent book, Wizards of Media Oz, Stossel has been producing bogus shows on 20/20 like “Much Ado About Nothing?” where he questioned the bans on unsafe chemicals or “The Town That Loves Garbage” where he hailed landfills and belittled environmentalists who worked for conservation.
Stossel was such a hit with big business and ABC that he eventually began hosting hour-long specials. One entitled “Are We Scaring Ourselves to Death?” was a critique of the federal regulations aimed at the chemical industry. “Unknown to viewers, two of the three producers hired to work on Stossel’s special had resigned–because their research, including data that showed product safety regulation to be cost-effective, did not conform to Stossel’s preconceived beliefs (Wizards, pg. 20).”
Also according to Cohen and Solomon, Stossel gave a speech in 1994g to the “American Industrial Health Council” – a group that includes Du Pont, Procter & Gamble, Pfizer, and Squibb – telling the firms what they wanted to hear. Stossel claimed that the EPA and the FDA should be abolished. The Council paid Stossel $11,000 for the speech.
Increasingly there is less and less distinction between the “news” companies and those they are doing stories about. Stossel himself is quoted as saying “I have come to believe that markets are magical and are the best protectors of the consumer. It is my job to explain the beauties of the free market.”