After watching the Leveson Inquiry unfold in London, I wrote this column for the Financial Times. It seems that the British public – and some sectors of the American press – want to see Rupert Murdoch do more than just apologize for the misdeeds of his British newspapers. They want to see him on his knees. And he’s not giving them what they want. He exercises power the way moguls have done for years, trading favors and using his influence, and being pursued by politicians far more than he pursues them. We seem to obsess about encounters between politicians and businesspeople, immediately assuming the worst, when they are just examples of networks at work, the age old and more often than not legitimate functioning of power.