Market crash: Did Western media play fair?

Pure objectivity and total accuracy is difficult to achieve in journalism. But they were almost totally ignored in cold and unsympathetic Western media commentaries on China's recent stock market crash.

Press punsters could not resist the cheap headlines. It was as if Western journalists had never seen a stock-market bubble burst, or witnessed a gigantic sell-off of shares. Beijing's counter-measures were "desperate", and only the country's "compliant press" would find them credible. The authorities were "in danger of losing credibility", and China's market began to look "more like the Wild West" are some of the examples from the commentaries.

The Western media also suggested the world fall down on its hands and knees in obeisance to the "free market". But even if the god of the absolutely free market actually exists, which of course doesn't, is this imaginary god not the same one that has failed us again and again?