War is good for profits

Rupert Murdoch likes war. Before the Iraq invasion, he praised the bravery of Tony Blair and George W. Bush and said the price of oil would be one of the war's major achievements. "The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil", he said. "That's bigger than any tax cut in any country." He harnessed his vast media empire to get behind the war effort and nothing has changed in nearly three years.

Media moguls have long supported state terror. We now learn that Frank Packer, father of mogul Kerry, offered Richard Nixon his media empire to back the President's bombing of Vietnam at the end of 1972.

Never trust a mogul.