03/28/2008 02:45 am ET Updated May 25, 2011

Lobel: "Have Business Reporters Lost Their Souls?"

If reporters and editors had more of a sense of what their role in a democracy should be, they never would have let the subprime debacle and the economic injustices of the past six years get this far without focusing on them constantly. In the back of their mind, possibly infusing some reporting, would be the expression, "The greatest good for the greatest number."

Instead, most press coverage of economics and business could just as easily be applied to horse racing. The Dow is up. The Dow is down. So and so bought another company in a leveraged buyout. Yawn. Is it any wonder that most readers skip those stories?

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