The Importance of the Fourth Estate

Wikipedia defines the fourth estate as "a segment of society that wields an indirect but significant influence on society even though it is not a formally recognized part of the political system. The most commonly recognized part of the fourth estate is the news media, or press". The fourth estate is often deemed important in a democracy because of the requirement of an informed citizenry. The news media or press therefore serves a source of information. For example, when a new tax bill is passed, it is crucial that the public is made knowledgeable of the new law and its consequences. Correct and complete information is always necessary to arrive at the right conclusions. Reporting that prices of commodities are rising and attributing the rise solely to a new tax without considering that the prices of these commodities are also increasing in the global market is an example of incomplete information. There is indeed a huge difference between informing and misleading. Of course...