The media’s failure to report that Donald Trump might well win the 2016 election is a debacle for America’s intelligentsia on the order of the 2008 mortgage crisis and 2003 Iraq WMD “slam dunk.”  These fiascoes all stemmed from “knowledge management organizations” rotted with intellectual bias, groupthink, and perverse incentives.  All three featured decision-makers and intellectual cheerleaders from similar social and educational milieus.  Yet only the mainstream media have so far evaded tangible consequences, or real self-assessment, for their historic stumble. The financial crisis cratered entire companies, cost many executives their jobs and wealth, and then saddled the industry with new regulations.  After WMD in Iraq went from “slam dunk” to, in military parlance, WTF, a reorg of the intelligence community soon followed.  Yet the television anchors, reporters, and pundits who missed the biggest political...(Read Full Post)