Tag: Housing Bubble

Five Years On – The Media’s Role in Ireland’s Financial Fall

(Originally published at Irishleftreview.org in October 2013)

With the five-year anniversary of the nationalising of the Irish banks having just passed us, one would think that at this stage we would have some answers. One would be wrong. Of course, much has been written about the topic in the years since. However, as much as we and the media enjoy blaming the elites of the world for what happened, the media also had a large role to play in the inflating the property bubble which has since burst and the consequences of which have hobbled the country. They toed the party line regarding property prices, and as a result, played an important propagandising role in the country. Whilst over the previous week there have been numerous articles written about the bank guarantee and the resulting economic downfall, as far as I am aware, nothing has been said about the media’s culpability. This is an important omission, but not entirely unsurprising.

The Economics of Failure

(Originally Published on Corkstudentnews.com in June 2010)

Economics has always bored and intrigued me at the same time. The use of almost indecipherable lingo and seemingly huge figures turned me off instantly but despite this, I always tried my best to keep abreast of things, how they were developing and who was trying to screw whom. This seems to be kind of odd in Ireland, maybe Ireland is the exception, as most people couldn’t care less about the economy and the vagaries that go along with it. This changed however once people’s livelihoods were threatened and rightly so.