At its best, journalism should have an adversarial relationship with power, constantly questioning or combatting it in a relentless pursuit of the truth. Unfortunately, modern media conglomerates have a vested interest in making money over uncovering lies, and thus are willing to be spokespeople for the powerful instead of the ones who hold their feet to the fire. Fred Peabody’s new documentary “All Governments Lie: Truth, Deception, and the Spirit of I.F. Stone” takes on the inherent flaws of the modern news media and how they are increasingly reluctant to investigate or criticize government policies.

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In “All Governments Lie,” Peabody explores the legacy of I.F. Stone, whose groundbreaking reporting filled his tiny 4-page newsletter from 1953 to 1971. He inspired many of those changing the face of journalism who are featured in “All Governments Lie,...