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A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
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[https://theconversation.com/courting-the-chameleon-how-the-us-election-reveals-rupert-murdochs-political-colours-149910Joe](https://theconversation.com/courting-the-chameleon-how-the-us-election-reveals-rupert-murdochs-political-colours-149910Joe) Biden’s victory in the US presidential election raises a perennial question about what Rupert Murdoch does when the candidate he has opposed wins. Answer: He adapts and he waits. Electoral cycles last three, four or five years. Murdoch has been wielding power for five decades. Murdoch is a chameleon. It is true that when political and business conditions are favourable he glows brightly in blood-red conservatism. But when, as now, conditions are uncertain, the colour dims and takes on a more complex hue. The voices and front pages of the empire become more diverse. It gets harder to exactly pin down where the emperor himself stands. He deflects awkward questions by saying he defers to his editors, or he claims to have retired and says he will speak to the heir, his son Lachlan. These are the first steps in a shadowy repositioning, and we have seen it happen time without number. Reactionary ideology is important to Murdoch, but not as important as making money. Money not only keeps the shareholders happy, it provides the means by which he can subsidise his unprofitable or barely profitable newspapers because they are crucial to the way he wields power. So the priority when a disfavoured candidate or party wins is to do nothing to antagonise the new regime and instead proffer a small olive branch. Last Sunday’s New York Post banner headline – “It’s Joe Time” – was a classic of the genre. Over on Fox News, he remained quiet when the Fox “decision desk” called the crucial state of Arizona for Biden, absorbing pressure and entreaties from Trump’s people to intervene. All of a sudden, the chorus of pro-Trump voices on Fox became a discordant racket. Some, like Sean Hannity, amplified Trump’s claims of electoral fraud. Others, like Neil Cavuto, cut off Trump’s press secretary for making the same claims.
[https://theconversation.com/courting-the-chameleon-how-the-us-election-reveals-rupert-murdochs-political-colours-149910Joe](https://theconversation.com/courting-the-chameleon-how-the-us-election-reveals-rupert-murdochs-political-colours-149910Joe) Biden’s victory in the US presidential election raises a perennial question about what Rupert Murdoch does when the candidate he has opposed wins. Answer: He adapts and he waits. Electoral cycles last three, four or five years. Murdoch has been wielding power for five decades. Murdoch is a chameleon. It is true that when political and business conditions are favourable he glows brightly in blood-red conservatism. But when, as now, conditions are uncertain, the colour dims and takes on a more complex hue. The voices and front pages of the empire become more diverse. It gets harder to exactly pin down where the emperor himself stands. He deflects awkward questions by saying he defers to his editors, or he claims to have retired and says he will speak to the heir, his son Lachlan. These are the first steps in a shadowy repositioning, and we have seen it happen time without number. Reactionary ideology is important to Murdoch, but not as important as making money. Money not only keeps the shareholders happy, it provides the means by which he can subsidise his unprofitable or barely profitable newspapers because they are crucial to the way he wields power. So the priority when a disfavoured candidate or party wins is to do nothing to antagonise the new regime and instead proffer a small olive branch. Last Sunday’s New York Post banner headline – “It’s Joe Time” – was a classic of the genre. Over on Fox News, he remained quiet when the Fox “decision desk” called the crucial state of Arizona for Biden, absorbing pressure and entreaties from Trump’s people to intervene. All of a sudden, the chorus of pro-Trump voices on Fox became a discordant racket. Some, like Sean Hannity, amplified Trump’s claims of electoral fraud. Others, like Neil Cavuto, cut off Trump’s press secretary for making the same claims.
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