Media and Freedom to Profit

Joseph Shaanan

Chapter Chapter 9 in Economic Freedom and the American Dream, 2010, pp 107-119 from Palgrave Macmillan

Abstract: Abstract Large corporations dominate the economic and political landscape. Helping cement their commanding position in both domains is a favorably disposed media. The media mold the views and opinions of Americans. They present the economic system favorably and describe it as an indispensable counterpart to the democratic political process. The media also play an important role in the sale of products and services through advertising and in the promotion of a consumption culture. The present chapter highlights the clash between a profit-seeking media and the informational needs of democracy and questions whether reduced public involvement in media markets is justified economically and politically.

Keywords: Market Failure; Federal Communication Commission; Media Outlet; Television News; Television Station (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10223-1_9

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DOI: 10.1057/9780230102231_9

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