Quotulatiousness

February 3, 2012

Great moments in advertising

Filed under: Environment, Europe, Media — Tags: , , , , — Nicholas @ 09:55

This is not one of them:

BMW apologized after a PR strategy to pay for the naming rights to a weather system backfired — that system turned into the deep freeze that’s claimed dozens of lives across Europe.

The goal was to promote BMW’s Mini Cooper brand by paying Germany’s meteorological office 299 euros ($392) to name a system “Cooper” — a practice in place since 2002 to help fund weather monitoring work in Germany. Unfortunately for BMW, the system it was assigned to turned out to be a killer.

On the face of it, this seems like a pretty stupid notion: pay money to associate your brand with a major weather disturbance? Didn’t BMW’s PR folks notice that the association most people have with named weather is negative?

Walter Kirn profiles Gingrich

Filed under: Media, Politics, USA — Tags: , , — Nicholas @ 09:50

A new column in GQ on the 2012 presidential race:

There are some things you don’t know you want until you get them and some that you don’t know you don’t until they’re yours. Take perfection. Now that Republicans have found in Romney pretty much all the qualities they’ve clamored for in modern presidential candidates—an aura of personal and public decorum, a record of civic-minded accomplishment backed by a record of fierce free-market self-enrichment, all wrapped up in a senior-edition beach bod and a profile fit for a gold coin—they don’t seem as wild for them as as they once were. Sure, they’re proving willing to accept Mitt (largely on the assumption that others will like him, which is how social-climbing teens choose prom dates) but what many of them now lust for in their hearts, as do certain non-Republicans who’ve caught the fever despite themselves, is something they never imagined tolerating, let alone secretly, irresistibly craving: a primordial walking gargoyle of pre-monogamous political id. Newt Gingrich, who seems to inhabit a middle state between swamp thing and statesman, frog and prince, is an arresting specimen in his own right, but as the fascination of a party whose base holds that man was created in God’s image without any scaled or beaked transitional versions, he’s an unaccountable astonishment.

He’s also an unshakable addiction. Like a drunken traveling salesman who hits on a freaky new sexual position during a night of Motel Six carnal fumbling, Newt has managed to put his stubby finger on a collective pleasure center—some undiscovered orgasmic political ganglia—that will require quadrennial stimulation from here on out. Whether he wins even one more delegate hardly matters in the screwy new scheme of things. As a style, as an archetype, he’s already prevailed, changing forever the nature of the game and earning the love of everyone who’s felt the game becoming sclerotic recently, the way games do when the money grows enormous, the press coverage relentless, and the players remain the same. Just as JFK and Reagan accustomed Americans to a higher standard of dashing glamor in Oval Office types, Newt has habituated a numbed electorate to a new level of effervescent perversity. He’s probably unelectable, it’s true. He’s entirely unforgettable, that’s truer. He has opened a process that’s routinely disparaged as a mere horse race, shallow and routine, to a whole new animal: the bred-for-mayhem Georgia kicking mule.

February 2, 2012

A textbook case of how PR should not be conducted

Filed under: Media, Politics, USA — Tags: , , — Nicholas @ 09:32

Ben Smith recounts the public relations moves the Obama White House used in an unsuccessful attempt to kill Jodi Kantor’s not-particularly damaging book The Obamas:

One can argue that the once-dominant writing exercise known as the book — a collection of words roughly 4,000 tweets long — is increasingly difficult for the modern media to digest.

But a skillful promotional campaign can help such a weighty work get traction even in today’s blink-and-you-miss-it news cycle. The White House recently showed how it’s done; the problem is, the Obama administration had hoped to bury this book, not praise it.

[. . .]

But now that the dust has settled and the shooting war between Kantor and the White House has waned, it’s clear that the decision to go to DEFCON 3 may well have been a tactical goof for the White House, which wound up largely validating — in caricature — the very themes of the book that it wanted to discredit: Michelle Obama’s continuing adjustment to her role as first lady and the reactive and sometimes hair-trigger political operation around her.

The White House air war also may have been good for sales: Kantor’s title remains on the best seller lists. The book, which is deeply reported and nuanced, also has been well-reviewed.

“What was so surreal was watching what looked like a classic political attack play out — except that some of it was directed at me,” Kantor, a reporter for The New York Times, said in an interview. “I got a lot of support from other reporters who felt they had been attacked or treated harshly by this White House. It’s not like this came out of nowhere.”

Repost: A tribute (of sorts) to Wiarton Willie

Filed under: Cancon, Humour, Media — Tags: , , , — Nicholas @ 00:01

John Scalzi, several years ago, wrote a tribute to Wiarton Willie, who was in the news in an unaccustomed way at the time:

To tell you the truth, the most disturbing thing is not that the groundhog died — certainly this animal earned his eternal rest — but that his handlers couldn’t think of anything better to do but tell a festival crowd that he had croaked. Those kids in the crowd will be forever traumatized. Groundhog Day will no longer be a happy time, but a constant reminder of death and mortality in the bleak midwinter. 10 years from now, I expect that Wiarton, Canada will become the new North American epicenter of dark, gothic teenage poetry.

Lying frozen in the snow
The groundhog soul resides far below
Gone to a place of doom and gray
Now winter will always stay.
Die Groundhog Die!
Mommy and Daddy Lied!

But wait, there’s more:

Now, on to the groundhog Wiarton Willie, who, as you know from yesterday’s entry, died before Groundhog Day and whose body was photographed lying in state in a dinky little pine coffin. Or was it? Now news comes from the sordid little burg of Wiarton, Canada, that the rodent corpse in the coffin was not Wiarton Willie at all, but a stuffed stand-in. The real Willie was apparently found so decomposed that the gelatinous remains were unsuitable for public display. So the town elders found a stuffed groundhog that just happened to be lying around (apparently the body of a previous “Wiarton Willie,” who was no doubt poisoned by the current, and now rotting, Willie in an unseemly palace coup), plopped it into that Barbie coffin, and presented the remains to a horrified public. Here’s the groundhog you’ve all been waiting for! And he’s dead! Winter for the next ten years!

The people of Wiarton meant well, I’m sure. But I’m having serious doubts as to their combined mental capacity. First off, the real Willy was found in a state of advanced decomposition, which means he had been dead for weeks. Weeks. How could that happen? This rodent is the cornerstone of Wiarton’s entire tourism economy for the month of February, and no one bothers to check on him from time to time? Did they just stick him in a cage after last Groundhog Day and then forget to feed him? Every kid in the world had a hamster they forgot to feed, but you’re usually, like, five at the time. These were actual adults. They say he was hibernating when he died. Sure he was. I used that excuse about the hamster.

February 1, 2012

Frank Furedi on the fast-growing “religion” of Atheism

Filed under: Media, Religion — Tags: , , — Nicholas @ 09:30

It’s no longer just a lack of belief in a deity: it’s taking on the trappings of an actual religion, complete with high priests, saints, and heretics:

Where atheism was once depicted as a dangerous and subversive creed, today it is often portrayed as an enlightened outlook that perches on the moral highground. But what is often overlooked is that the growing cultural affirmation of atheism has been paralleled by a big transformation in its meaning.

It is important to note that, historically, atheism was not a standalone philosophy. Atheism does not constitute a worldview. It simply signifies non-belief in God or gods. This rejection of the idea of a god could be based on scepticism towards the notion of a higher being, an unwillingness to follow dogma, or a commitment to rationality and science. But whatever the motive, atheism reflected an attitude towards one specific issue, not a perspective on the world. Most atheists defined themselves through an assertive identity, whether they called themselves democrats, liberals, socialists, anarchists, fascists, communists, freethinkers or rationalists. For most serious atheists, their disbelief in god was a relatively insignificant part of their self-identity.

Today, in contrast, atheism takes itself very seriously indeed. With their zealous denunciation of religion, the so-called New Atheists often resemble medieval moral crusaders. They argue that the influence of religion should be fought wherever it rears its ugly head. Although they demand that religion should be countered by rational arguments, their own claims often verge on the irrational and hysterical. Of course, there has always been an honourable atheist tradition of irreverence and irreligious contempt for dogma. But today’s New Atheism often expresses itself through a doctrinaire language of its own. In a simplistic manner it equates religion with fanaticism and fundamentalism. What is striking about its denunciation of fundamentalism is that it is frequently made in the dogmatic, polemical style of those it claims to oppose. The black-and-white world of theological dogma is reproduced in the zealous polemic of the atheist moraliser.

January 31, 2012

Homeland Security Theatre: The case of the “Destroy America” Brit twits

Filed under: Bureaucracy, Law, Media, USA — Tags: , , , , — Nicholas @ 12:09

Jim Harper sifts through the evidence in the “Destroy America” Twitter case:

The Department of Homeland Security has been vague as yet about what actually happened. It may have been some kind of “social media analysis” like this that turned up “suspicious” Tweets leading to the exclusion, though the betting is running toward a suspicious-activity tipline. (What “turned up” the Tweets doesn’t affect my analysis here.) The boastful young Britons Tweeted about going to “destroy America” on the trip — destroy alcoholic beverages in America was almost certainly the import of that line — and dig up the grave of Marilyn Monroe.

Profoundly stilted literalism took this to be threatening language. And a failure of even brief investigation prevented DHS officials from discovering the absurdity of that literalism. It would be impossible to “dig up” Marilyn Monroe’s body, which is in a crypt at Westwood Memorial Park in Los Angeles.

[. . .]

Other facts could combine with Twitter commentary to create a suspicious circumstance on extremely rare occasions, but for proper suspicion to arise, the Tweet or Tweets and all other facts must be consistent with criminal planning and inconsistent with lawful behavior. No information so far available suggests that the DHS did anything other than take Tweets literally in the face of plausible explanations by their authors that they were using hyperbole and irony. This is simple investigative incompetence.

If indeed it is a “social media analysis” program that produced this incident, the U.S. government is paying money to cause U.S. government officials to waste their time on making the United States an unattractive place to visit. That’s a cost-trifecta in the face of essentially zero prospect for any security benefit.

January 30, 2012

The battle of the stereotypes over the “Page 3 girls”

Filed under: Britain, Liberty, Media — Tags: , , — Nicholas @ 10:01

In spiked, Gabrielle Shiner explains that she doesn’t want or need the “Turn Your Back on Page 3″ campaigners to pre-select what she’s allowed to see in the newspaper:

With the Leveson Inquiry currently insisting that the press bares all, campaign groups such as Turn Your Back on Page 3 have spotted an opportunity to force the tabloid’s topless ladies to cover themselves up. And all in the name of protecting girls like me from being terrorised by tits.

The campaign to get bare chests banned is certainly not short of grand claims. Apparently, Page 3 and its like perpetuate sexism by, ‘at best, encouraging and endorsing negative attitudes towards us and within us, and at worst, [encouraging and endorsing] acts of violence committed against us’. According to campaigners, the government therefore has a responsibility to satiate these campaigners’ appetite for paternalism, which they believe equates to ‘stamping out sexism once and for all’.

The Turn Your Back on Page 3 campaigners are right about one thing: an offensive misrepresentation of women exists in society. But it is this group of self-appointed saviours that has offended. The group parades itself as representative of women in order to justify forcing its views on the public. But if these supposed advocates of women’s rights were serious about liberties, they would not condone such bans.

And it is not just that the campaigners are unjustified in speaking on behalf of women — they have also misrepresented women and men. These campaigners present women as pitiful animals teeming with self-loathing. Men are depicted as uncontrollable beasts who are so mesmerised by the breasts on Page 3 that these images, at best, define their perception of women for evermore and, at worst, turn them to violence.

January 29, 2012

EFF says “Keep Twitter Honest”

Filed under: Law, Liberty, Media, Technology — Tags: , , , , — Nicholas @ 12:47

The Electronic Frontier Foundation explains the facts about Twitter’s recent announcement that it will be able to remove Tweets on a country-by-country basis:

Yesterday, Twitter announced in a blog post that it was launching a system that would allow the company to take down content on a country-by-country basis, as opposed to taking it down across the Twitter system. The Internet immediately exploded with allegations of censorship, conspiracy theories about Twitter’s Saudi investors and automated content filtering, and calls for a January 28 protest. One thing is clear: there is widespread confusion over Twitter’s new policy and what its implications are for freedom of expression all over the world.

Let’s get one thing out of the way: Twitter already takes down some tweets and has done so for years. All of the other commercial platforms that we’re aware of remove content, at a minimum, in response to valid court orders. Twitter removes some tweets because they are deemed to be abuse or spam, while others are removed in compliance with court orders or DMCA notifications. Until now, when Twitter has taken down content, it has had to do so globally. So for example, if Twitter had received a court order to take down a tweet that is defamatory to Ataturk — which is illegal under Turkish law — the only way it could comply would be to take it down for everybody. Now Twitter has the capability to take down the tweet for people with IP addresses that indicate that they are in Turkey and leave it up everywhere else. Right now, we can expect Twitter to comply with court orders from countries where they have offices and employees, a list that includes the United Kingdom, Ireland, Japan, and soon Germany.

Twitter’s increasing need to remove content comes as a byproduct of its growth into new countries, with different laws that they must follow or risk that their local employees will be arrested or held in contempt, or similar sanctions. By opening offices and moving employees into other countries, Twitter increases the risks to its commitment to freedom of expression. Like all companies (and all people) Twitter is bound by the laws of the countries in which it operates, which results both in more laws to comply with and also laws that inevitably contradict one another.

China and the censorship state

Filed under: China, Government, Liberty, Media — Tags: , , , , , — Nicholas @ 12:02

Rebecca MacKinnon in the National Post on the ways and means of ensuring “harmony” in China’s corner of the internet:

In fall 2009, I sat in a large auditorium festooned with red banners and watched as Robin Li, CEO of Baidu, China’s dominant search engine, paraded onstage with executives from 19 other companies to receive the “China Internet Self-Discipline Award.” Officials from the quasi-governmental Internet Society of China praised them for fostering “harmonious and healthy Internet development.” In the Chinese regulatory context, “healthy” is a euphemism for “porn-free” and “crime-free.” “Harmonious” implies prevention of activity that would provoke social or political disharmony.

China’s censorship system is complex and multilayered. The outer layer is generally known as the “great firewall” of China, through which hundreds of thousands of websites are blocked from view on the Chinese Internet. What this system means in practice is that when one goes online from an ordinary commercial Internet connection inside China and tries to visit a website such as hrw.org, the website belonging to Human Rights Watch, the web browser shows an error message saying, “This page cannot be found.” This blocking is easily accomplished because the global Internet connects to the Chinese Internet through only eight “gateways,” which are easily “filtered.” At each gateway, as well as among all the different Internet service providers within China, Internet routers — the devices that move the data back and forth between different computer networks — are all configured to block long lists of website addresses and politically sensitive keywords.

These blocks can be circumvented by people who know how to use anti-censorship software tools. It is impossible to conduct accurate usage surveys, but it is believed likely that hundreds of thousands of Chinese Internet users deploy these tools to access Twitter and Facebook every day. Yet researchers estimate that out of China’s 500 million Internet users, only about 1% or so (a number somewhere in the single-digit millions — still a large number of people but not enough percentage-wise to shape majority public opinion) use these tools to get around censorship, either because most do not know how or because they lack sufficient interest in, or awareness of, what exists on the other side of the “great firewall.”

January 28, 2012

Sonny Rollins honoured, but Kennedy Center misses an opportunity

Filed under: Media, USA — Tags: , , — Nicholas @ 13:14

One of the best jazzmen of the 20th century was recognized in an event at the Kennedy Center recently:

Was there a single jazz musician in the audience for the Kennedy Center Honors ceremony last month? Besides Sonny Rollins, that is, who was one of the five honorees. From what I saw on the CBS telecast of the ceremony, the only jazz musicians in the house were those hired hands who were on stage playing in Sonny’s honor. Is it possible that no other jazz players were there? It’s more likely that the show’s producers wouldn’t recognize a jazz musician even at close range, so all we got were long shots of the Obamas and movie and pop stars. At least the President and First Lady looked like they’d heard jazz before they got to the Center, and surely they appreciated Bill Cosby’s irony-laced introduction. But how many people in that bejeweled crowd had ever heard a note by the Saxophone Colossus?

Granted, it was great to see Sonny getting the honor, to watch the montage of images from his career and hear the narrative voiced by Cosby. Cos described his own surprise encounters with people in far flung places abroad who in the midst of their daily routines were listening to Rollins, then concluded his remarks by welcoming Sonny “home” to his native land. But notwithstanding the primacy of jazz in American performing arts, the music long ago lost its appeal for the masses, and even the curious may know little about its history and Newk’s place in it. Thus while Cosby’s comments spoke to his personal admiration for Rollins, the occasion called for something more, the kind of critically-grounded statement that a Stanley Crouch or Gary Giddins or Bob Blumenthal could have provided. But a teaching moment like this was squandered, while the most resonant image may have been the sign of Rikers Island displayed among Rollins’s personal landmarks.

How a long-dead activist’s ideas influenced Barack Obama

Filed under: Government, Media, Politics, USA — Tags: , — Nicholas @ 11:52

In an article from 2009, Jim Geraghty traces the influence of Saul Alinsky (who died before Obama went to high school) on the President’s early days in office:

Alinsky died in 1972, when Obama was 11 years old. But three of Obama’s mentors from his Chicago days studied at a school Alinsky founded, and they taught their students the philosophy and methods of one of the first “community organizers.” Ryan Lizza wrote a 6,500-word piece on Alinsky’s influence on Obama for The New Republic, noting, “On his campaign website, one can find a photo of Obama in a classroom teaching students Alinskian methods. He stands in front of a blackboard on which he has written ‘Relationships Built on Self Interest,’ an idea illustrated by a diagram of the flow of money from corporations to the mayor.”

In a letter to the Boston Globe, Alinsky’s son wrote that “the Democratic National Convention had all the elements of the perfectly organized event, Saul Alinsky style. . . . Barack Obama’s training in Chicago by the great community organizers is showing its effectiveness. It is an amazingly powerful format, and the method of my late father always works to get the message out and get the supporters on board. When executed meticulously and thoughtfully, it is a powerful strategy for initiating change and making it really happen. Obama learned his lesson well.”

As a tool for understanding the thinking of Obama, Alinsky’s most famous book, Rules for Radicals, is simultaneously edifying and worrisome. Some passages make Machiavelli’s Prince read like a Sesame Street picture book on manners.

He also took advantage of the innumeracy of many people:

When Obama announced a paltry $100 million in budget cuts, and insisted this was part of a budget-trimming process that would add up to “real money,” he clearly understood that the public processes these numbers very differently from the way budget wonks do. Alinsky wrote: “The moment one gets into the area of $25 million and above, let alone a billion, the listener is completely out of touch, no longer really interested, because the figures have gone above his experience and almost are meaningless. Millions of Americans do not know how many million dollars make up a billion.”

That’s the same sense that Mark Steyn captured recently.

Alinsky sneered at those who would accept defeat rather than break their principles: “It’s true I might have trouble getting to sleep because it takes time to tuck those big, angelic, moral wings under the covers.” He assured his students that no one would remember their flip-flops, scoffing, “The judgment of history leans heavily on the outcome of success or failure; it spells the difference between the traitor and the patriotic hero. There can be no such thing as a successful traitor, for if one succeeds he becomes a founding father.” If you win, no one really cares how you did it.

[. . .]

Moderates thought they were electing a moderate; liberals thought they were electing a liberal. Both camps were wrong. Ideology does not have the final say in Obama’s decision-making; an Alinskyite’s core principle is to take any action that expands his power and to avoid any action that risks his power.

Photoshopping images is so passé: using game footage is the new trend

Filed under: Gaming, Media, Military, Politics — Tags: , , , , , — Nicholas @ 11:35

At the BBC website, Phil Coomes shows some side-by-side images of real events and modern FPS game images. The recent flap over clips from the game Arma 2 being cited as genuine film captured from the IRA is only the first of many incidents we should expect to encounter, as games get better (and advocates remain as dedicated to advancing their causes as ever):

Today we are used to seeing real time reports from across the globe, technology has advanced and anyone with an internet connection can travel to far-off places, even imaginary worlds, from their armchair.

The world of video games has progressed too. Some seem real, as highlighted by a recent Ofcom ruling that ITV misled viewers by airing footage claimed to have been shot by the IRA, which was actually material taken from a video game.

Labelled “IRA Film 1988″, it was described as film shot by the IRA of its members attempting to down a British Army helicopter in June 1988. However, the pictures were actually taken from a game called Arma 2.

[. . .]

So I went through my photos taken from various combat zones, and attempted to replicate them in a computer game.

The game Arma 2 was ideal — it’s more of a war simulation than an all-out blaster, with the correct uniforms, vehicles and weapons as well as varied terrains and bang-bang firefights.

Plenty of hours fiddling within the gaming environment, alongside Ivan who developed the game, produced some pretty remarkable results.

In some cases it is actually quite hard to tell the difference between my photographs and the computer version, which is deeply worrying. The level of detail is so precise that the virtual war zone is as convincing as the real thing.

Deirde McCloskey on the “Bourgeois Virtues” that sparked the modern world

Filed under: Britain, Economics, History, Liberty, Media — Tags: , , , , — Nicholas @ 00:08

Writing in the Wall Street Journal, Dalibor Rohac reviews some of the key arguments in McCloskey’s recent book Bourgeois Dignity: Why Economics Can’t Explain the Modern World (which I’m currently reading — and very impressed with).

Unlike “Bourgeois Virtues,” “Bourgeois Dignity” makes a historical argument. Modern economic growth, she claims, is a result of an ideological and rhetorical transformation. In the Elizabethan period, business was sneered upon. In Shakespeare’s plays, the only major bourgeois character, Antonio, is a fool because of his affection for Bassanio. There is no need to dwell on how the other bourgeois character in “The Merchant of Venice,” Shylock, is characterized.

She contrasts this with attitudes 200 years later. When James Watt died in 1819, a statue of him was erected in Westminster Abbey and later moved to St. Paul’s cathedral. This would have been unthinkable two centuries earlier. In Ms. McCloskey’s view, this shift in perceptions was central to the economic take-off of the West. “A bourgeois deal was agreed upon,” she says. “You let me engage in innovation and creative destruction, and I will make you rich.” A commercial class that was not ostracized or sneered at was thus able to activate the engine of modern economic growth.

Ms. McCloskey insists that alternative explanations for the Industrial Revolution fail, for a variety of reasons. Property rights, she says, could not have been the principal cause because England and many other societies had stable and secure property rights for a long time. Similarly, Atlantic trade and plundering of the colonies were too insignificant in revenue to have made the real difference. There had long been much more trade in the Indian Ocean than in the Atlantic, moreover, and China or India had never experienced an industrial revolution.

By elimination, Ms. McCloskey concludes that culture and rhetoric are the only factors that can account for economic change of the magnitude we have seen in the developed world in past 250 years.

January 27, 2012

Popehat‘s Censorious Asshat round-up

Filed under: Cancon, India, Law, Liberty, Media — Tags: , , , , — Nicholas @ 09:14

If you’re not already following the adventures of Ken at Popehat, you’re really missing some entertainment. Here are a couple of items from this week’s round-up of the folks who want to shut you up when you say things they don’t like using the legal system as a large club:

First up, we have Dr. Randeep Dhillon! Dr. Dhillon is suing Jay Leno. Is he suing Jay Leno for being a trite, phone-it-in placeholder? NO! There’s no California cause of action for that! SAG would never allow it! No, Randeep Dhillon is suing Jay Leno for a lame joke about Mitt Romney suggesting that his vacation home was the Golden Temple of Amritsar, a holy site for Sikhs! [. . .]

Congrats, Dr. Dhillon! You win a date with California’s robust anti-SLAPP statute! You’re going to pay Jay Leno’s attorney fees in this case, which I will estimate to be $50,000! And because some people will generalize about Sikhs based on the act of one asshole — you — you’ve just done more to expose Sikhs to hatred, contempt, ridicule, and obloquy than that threadbare hack Leno ever could! Way to go!

And from closer to home (and, I note, the very first time I’ve needed to use the New Brunswick tag):

Next, ladies and gentlemen, we travel North, to Canada, and the Fredericton, New Brunswick Police Department! The Fredericton Police just staged a eight-officer raid of the apartment of Charles LeBlanc! Is Charles LeBlanc breaking bad with a meth lab? Does he have children in cages? Is he a gun-runner? No! He’s a blogger, and he’s being raided for criminal libel for criticizing the Fredericton Police! That’s right! The Fredericton Police Department not only thinks it is appropriate to serve search warrants on bloggers who say mean things to them, they think that they should execute the search warrants themselves, even though they are the alleged victims of the criminal libel! That’s the New Professionalism in action, ladies and gents! Stand and be amazed!

January 26, 2012

What is really meant by the term “market failure”

Filed under: Economics, Media, Politics — Tags: , , , , , — Nicholas @ 11:10

Posting on the Institute of Economic Affairs blog, Tom Papworth tries to clarify what the term “market failure” actually means, in comparison to how it’s commonly used by politicians and journalists:

Firstly, it seems to blur the distinction between ‘the market’ and ‘the markets’ — a very common error in current discourse. The market is an economic concept that describes the myriad of choices and exchanges that take place between people every day; the markets are the very real institutions created for handling major financial transactions. It is not clear to me that this article acknowledges that distinction. This manifests itself primarily in the title and main theme: indeed, as Jan (and at least one commentator) does tacitly acknowledge, the financial markets are so shaped by government intervention that it would be a surprise if they did correspond to a model market.

And that brings me to the second problem: the suggestion that markets don’t fail when they ‘respond rationally, quickly and often brutally to conditions as they find them’. While that description is true, it has little bearing on the concept of market failure. Market failure typically refers to situations where the effects one would expect to see in a theoretical market economy do not in fact manifest themselves in real life. As the great man himself would be — and perhaps was — the first to point out (though without using these terms) markets fail because of factors such as monopoly and externality — monopolies undermine competition and so markets do not clear; externalities enable costs to be passed onto third parties and prevent all beneficiaries contributing to the production of goods. Information asymmetry is often presented as another source of market failure.

Now, to be fair to Jan, that precision of language is hardly prevalent among the politicians he is criticising. When they speak of market failure, it seems almost as though market success is defined by a number of uneconomic measures such as social justice, or even (that ultimate weasel-word) fairness.

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