Boston Globe's Spotlight Case

Economics is essentially everywhere; economic analysis can be processed into almost every event. The Boston Globe's Spotlight team cover of the abuse in the Catholic Church’s definitely created an impact economically. The whole exposure to the abuse scandal in the Church affected the Church in many ways economically: the number and amount of donations, the mass in attendance, and the consumer’s overall demand.
In January 6, 2002 the Boston Globe’s Spotlight team revealed how priests in the church were sexually abusing children without any repercussions from the law. The Spotlight’s coverage of the abuse in the Church exposed how a powerful institution can take advantage of its power. The story discusses how the Church tried to cover up the actions of the abuse of children, mainly young boys. For example there was a priest named John Geoghan, who spent three decades sexually abusing children. Cardinal Bernard Law knew about it. The Church would provide hush money to the survivors and their families in order to cover up these deeds and continue on with life. However, the Boston Globe’s Spotlight team wrote an article in …show more content…
A trade off is the alternatives a consumer faces when having to choose an option. Opportunity cost is the benefit one could have received, but rejected in order to take the other offer. Trade offs create opportunity cost. The Boston Globe Spotlight team had two choices to take when it came to publishing that story; to either pursue the story of the corruption of the Church or not, since 53% of their subscribers are Catholic. Had the Spotlight team picked the “safer” option and not pursued on the Church, for the sake of subscriber loyalty, their opportunity cost would have been an Academy Award film based off the team, the Pulitzer Prize, the numerous people willing to tell their story to the Boston Globe, and the positive outcome of helping the victims of the