Rich Media, Poor Democracy

| | Topic 1: Rich media, poor democracy: The policy-making economy of the mediaTopic 2: A changing media landscape: coeval shifts in media powerTopic 3: Oppositional politics and the Internet: Discussing Wikileaks | | | | RICH MEDIA, execrable DEMOCRACY The Political economy of the media Media system has becoming increasingly conglomerated into hand of powerful media empires. Because of the benefits of economies of scale, media ownership tends to become more concentrated overtime, adjust the media more closely with larger corporate interests. This concentration olibanum emphasizes the trend of a profit-driven, advertising supported media system. Moreover, McChesney (1999:2) argues that media corporatization has become one of critical factors in the decline of participatory democracy. A principal(prenominal) element that accounts for the corporate media boom is the rise of neoliberalism. Since these policies maximize the determination of markets and profit-making and minimize the role of non-market institutions, the deregulation suggested by neoliberalism allows wealthy media corporations to speedily grow and prosper their wealth. Since the early 1980s, there has been a hammy restructuring of national media industries, along with the emergence of a genuinely spherical commercial media market.

Deregulation and privatization foster media corporations to establish powerful dispersion and production networks within and among nations, and to become ever large transnational media conglomerations. The worlds media has been experiencing the creation of a global oligopoly (McChesney 2003:3). paramount firms nearly all US based argon pitiable across the planet at rapid speed. Specific media industries are becoming more and more concentrated, and the dominant players in severally media industry are becoming subsidiaries of huge global media conglomerates operating(a) in monopolistic or oligopolistic markets. This has led to a with child(p) risk of poorer democracy. McChesney (2003:11) affirms that... If you want to get a full essay, determine it on our website: Ordercustompaper.com

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