Origin
The magazine was founded in 2000 after the bankruptcy of its predecessor, Living Marxism (LM), a magazine whose point of view has been described by Zac Goldsmith as "extreme corporate libertarianism" and by J. G. Ballard as "the most interesting and provocative magazine I have read for many years".
LM closed after losing a libel case brought against it by the broadcasting corporation ITN. The case centered around ITN coverage of Fikret Alić and other Bosnian Muslims standing behind a barbed-wire fence at the Trnopolje camp during the Yugoslav war. LM published an article titled "The Picture that Fooled the World" which claimed that ITN's coverage was deceptive, the barbed-wire did not enclose the camp and the Muslims were in fact "refugees, many of whom went there seeking safety and could leave again if they wished." During the court case, evidence given by the camp doctor led LM to abandon its defence. ITN was awarded damages and costs, estimated to be around £1 million. The magazine declared itself bankrupt, avoiding payment of the damages awarded.
Read more about this topic: Spiked (magazine)
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