Epsilon Theory Logo

This Is Why We Can't Have Nice Things

Ben Hunt

May 23, 2018·1 comment

The 2016 presidential campaign wasn't decided by facts. It was decided by how effectively certain narratives infected the public mind and persisted in media coverage. Data from 291,000 articles reveals a stark asymmetry: one candidate was relentlessly battered by a single meme that dominated coverage, while the other benefited from fragmented attacks that spiked and faded. Neither outcome was accident, and both reveal how media institutions function as sophisticated meme-delivery systems, not truth-telling operations.

  • The Emails! meme consumed 6% of all coverage about one candidate for an entire year. Most political narratives spike and fade within weeks. This one persisted with unusual virulence, creating a drumbeat effect that no single factual issue could justify.
  • The same mainstream media outlets used neutral language about Trump's alleged KKK associations while framing his opponent's email practices as a scandal. If coverage were driven by actual wrongdoing, the sentiment would be reversed. Instead, it revealed whose narrative the institutions were incentivizing.
  • Trump received 35% more total coverage than his opponent and significantly more positive sentiment across major outlets. This came from media organizations whose leadership was ideologically opposed to him, suggesting something systemic was driving the amplification.
  • Meme persistence matters far more than meme accuracy. A narrative that gets repeated constantly with emotional intensity shapes behavior regardless of whether it reflects reality. Doctors, advisors, and citizens respond to the meme, not the underlying truth.
  • Media outlets function as institutionalized vectors for meme contagion, and they thrive under conditions of political fragmentation. Higher ratings, more engagement, more subscribers. The system works perfectly for them. The question is whether it works for us.

Subscribe Today to Read More

Unlock instant access to this and hundreds of other evergreen essays that explore the world of narrative through hard science and human wisdom.

  • Make more informed decisions as an investor and citizen.
  • See through the nudges of Big Politics and Big Media.
  • Become a better consumer of news.
  • Maintain your autonomy of mind in a swarm of narratives.
  • Join a community of more than 100,000 truth-seekers.

Looking for Deeper Insights?

Unlock exclusive market intelligence, trade ideas, and member-only events tailored for investment professionals and active investors with Perscient Pro.

VISIT PRO
Spiral
notes from the field
et on tape

Comments

JD1's avatar
JD1about 2 years ago

Maybe this is what God said when he created mankind!

Continue the discussion at the Epsilon Theory Forum...

bhunt's avatarJD1's avatar
1 reply

DISCLOSURES

This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.