Financialisation, media and social change

Happer, C. (2017) Financialisation, media and social change. New Political Economy, 22(4), pp. 437-449. (doi:10.1080/13563467.2017.1259301)

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Abstract

This article uses a circuit of communication framework to examine the role of the media in shaping public debate on the financial system and the way in which this impacts on audience response and related societal impacts. It is founded in debates about neo-liberalism and financialisation which highlight the shift of power from, or through, the state to large corporations. One result of this structural shift is an increasingly integrated political, media and corporate culture which promotes the interests of the ‘market’ in public and private lives, and operates to limit the information available to audiences. Alternatives to economic policies and solutions to problems are marginalised in public debate, as illustrated by media coverage of the financial crisis. This limiting of alternatives is decisively implicated in the development of sympathetic attitudes to ‘preferred’ perspectives and related policy moves, which constrain the potential for effective resistance at the level of collective and individual responses.

Item Type:Articles
Additional Information:Funding: The author received financial support from the UKERC, and Glasgow City Council. Research for this paper was supported by the project Financialization, Economy, Society and Sustainable Development (FESSUD), which is funded by the European Union under Framework Programme 7 contract number 266800.
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Happer, Dr Catherine
Authors: Happer, C.
College/School:College of Social Sciences > School of Social and Political Sciences > Sociology Anthropology and Applied Social Sciences
Journal Name:New Political Economy
Publisher:Taylor & Francis
ISSN:1356-3467
ISSN (Online):1469-9923
Published Online:05 December 2016
Copyright Holders:Copyright © 2016 Informa UK Limited, trading as Taylor & Francis Group
First Published:First published in New Political Economy 22(4):437-449
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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