John Stewart vs CNBC. It’s not even close:
Two points to make here. One is just that Comedy Central vs CNBC nicely captures the cultural battle inside the American elite between “creative class” types and the business manager types. Both sides think the other side is composed of idiots, but their side is mistaken.
The other is that CNBC is a lucrative and somewhat influential television network, but the whole thing is also pretty much a fraud. Fox News is just a little itty-bitty fraud. They say they’re “fair and balanced” but really they’re conservative. I don’t think anyone’s really fooled or anyone is trying especially hard to fool anyone. It is what it is—cable news with a slant. CNBC, though, very earnestly purports to be a good source of information about business and economics and even economic policy. And it just isn’t. The whole thing is a farce. It’s as if we had a 24-hour news network dedicated entirely to the pronouncements of astrologists and entrail readers.