The Political Economy of Communications is a particular branch in Communication studies or media studies which studies the power relations that shape the communication of information from the mass media to its public. [1] PEC (Political Economy of Communications) analyzes the power relations between the mass media system, information and communications technologies (ICTs) and the wider socioeconomic structure in which these operate, with a focus on understanding the historical and current state of technological developments. [2] [3] PEC has proliferated in the 2000s with the modernization of technology. [4] The advancement of media has created conversation about the effects of colonialism and PEC. [4]
One of the earliest modern works in political economy of communications scholarship is from Harold Innis, these theories were compiled in the book Empire and Communications . Innis directly inspired Marshall McLuhan, a colleague of his at the University of Toronto, who would later be made famous for the dictum "the medium is the message". Subsequent PEC approaches have been heavily influenced by Marxist thought and democratic politics, as it questions the powers residing within communications and the state necessary for democracy to be realized. [5] Below the theories and their approaches are explained:
Along with Innis and McLuhan, the political economy of communications was significantly impacted by economist Robert A. Brady’s teachings. Brady initiated a search of social practices and emerging authoritarianism that were later explored by Dallas W. Smythe and Herbert I. Schiller. [8] [9] Brady did not officially work with the structure of Marxist philosophy; he was rather focused on “the interaction of social and economic factors in a business. [10] Lastly, after pursuing research Brady concluded that the principal issue was whether planning and decision making within a company could adapt to decision making by majority of votes. [4]
There are four central characteristics that are integral to expanding the definition of PEC. They provide the means to analyze an issue, technology or way of life through a political economic perspective. [11] The characteristics are as follows:
The political economy of communications looks at a range of issues that affect society. Below are the main topics of study that political economists often discuss.
Because journalism/news media is the core to a functioning democratic society, [18] PEC works towards the goal of "healthy journalism."
Healthy journalism can be defined through four characteristics, outlined by Robert W. McChesney. The first characteristic is ensuring that journalists are thorough and exhaustive in reports of the elite. The second is ensuring that the news being produced keeps the needs of the larger public in mind, as their power resides in knowledge and not property. Thirdly, it must remain truthful, and has systems in place to guarantee the truth. Lastly, a range of opinions on a wide array of topics is required as to provide insight and depth on what is happening, what is to happen and what to do about it. [19] Unfortunately for democracy, the current state of news media around the world and especially that of the United States, falls short of the general consensus among media scholars and democratic theory on what is considered to be healthy journalism. This is due in part to the overwhelming amount of public relations material being posed as news. [20] [19]
It is in the interest of PEC that journalism instead provide a "rigorous account" of those in power, meet the information needs of all classes and people, be truthful, and act as an early warning system that provides a "wide range of informed opinions on the most important issues of our time." [19]
Propaganda : systematic thoughts, using information to influence audiences with the desire is to change their behaviors. The propaganda model can be made by anyone, who wants to advocate their thoughts. Different from the concept Ideology which operates unconsciously, propaganda is operated intentionally. The term propaganda model relates to news media, includes 5 filters which suggests how the news is "filtered" and edited into a content that suits the demand and interests of those people who have more power and wealth, especially corporations and the government. [21] [22]
The mass media are undoubtedly experiencing considerable changes in platform, technology, and economic structure (e.g., crowdfunding, social media) as the digital era continues to shift people toward new media. [1] Traditional financial configurations and business models have been destabilized by this transformation. However, new mechanisms of power have emerged from this more open system of information and news creation. The availability of information can now be skewed or influenced through "search, aggregation, and digital distribution infrastructures" (p. 493). [20] Vincent Mosco's definition of political economic studies, where the "production, distribution, and consumption of resources, including communication resources” are essential, remains relevant in times of new media since a new network economy or society forms its own power relations. [23] [24] [20] [25]
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Cultural imperialism comprises the cultural dimensions of imperialism. The word "imperialism" describes practices in which a country engages culture to create and maintain unequal social and economic relationships among social groups. Cultural imperialism often uses wealth, media power and violence to implement the system of cultural hegemony that legitimizes imperialism.
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants.
Media studies is a discipline and field of study that deals with the content, history, and effects of various media; in particular, the mass media. Media Studies may draw on traditions from both the social sciences and the humanities, but mostly from its core disciplines of mass communication, communication, communication sciences, and communication studies.
Anti-capitalism is a political ideology and movement encompassing a variety of attitudes and ideas that oppose capitalism. In this sense, anti-capitalists are those who wish to replace capitalism with another type of economic system, such as socialism, anarchism, communism, syndicalism, or some combination of the latter four.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Neoliberalism, also neo-liberalism, is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate.
Media imperialism is an area in the international political economy of communications research tradition that focuses on how "all Empires, in territorial or nonterritorial forms, rely upon communications technologies and mass media industries to expand and shore up their economic, geopolitical, and cultural influence." In the main, most media imperialism research examines how the unequal relations of economic, military and cultural power between an imperialist country and those on the receiving end of its influence tend to be expressed and perpetuated by mass media and cultural industries.
Communication studies or communication science is an academic discipline that deals with processes of human communication and behavior, patterns of communication in interpersonal relationships, social interactions and communication in different cultures. Communication is commonly defined as giving, receiving or exchanging ideas, information, signals or messages through appropriate media, enabling individuals or groups to persuade, to seek information, to give information or to express emotions effectively. Communication studies is a social science that uses various methods of empirical investigation and critical analysis to develop a body of knowledge that encompasses a range of topics, from face-to-face conversation at a level of individual agency and interaction to social and cultural communication systems at a macro level.
Democratic capitalism, also referred to as market democracy, is a political and economic system. It integrates resource allocation by marginal productivity, with policies of resource allocation by social entitlement. The policies which characterise the system are enacted by democratic governments.
Ordoliberalism is the German variant of economic liberalism that emphasizes the need for government to ensure that the free market produces results close to its theoretical potential but does not advocate for a welfare state.
Media democracy is a democratic approach to media studies that advocates for the reform of mass media to strengthen public service broadcasting and develop participation in alternative media and citizen journalism in order to create a mass media system that informs and empowers all members of society and enhances democratic values.
Centre-right politics lean to the right of the political spectrum, but are closer to the centre. Parties of the centre-right generally support liberal democracy, capitalism, the market economy, private property rights, and a modest welfare state. They support conservatism and economic liberalism and oppose socialism and communism.
Nancy Fraser is an American philosopher, critical theorist, feminist, and the Henry A. and Louise Loeb Professor of Political and Social Science and professor of philosophy at The New School in New York City. Widely known for her critique of identity politics and her philosophical work on the concept of justice, Fraser is also a staunch critic of contemporary liberal feminism and its abandonment of social justice issues. Fraser holds honorary doctoral degrees from four universities in three countries, and won the 2010 Alfred Schutz Prize in Social Philosophy from the American Philosophical Association. She was President of the American Philosophical Association Eastern Division for the 2017-2018 term.
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism.
The study of global communication is an interdisciplinary thing focusing on global communication, or the ways that people connect, share, relate and mobilize across places of, political, economic, social and cultural divides. Global communication implies a transfer of knowledge and ideas from powerful guys to peripheries and the imposition of a new thing by means of the "soft power" of global news and entertainment.
Democratic socialism is a left-wing political philosophy that supports political democracy and some form of a socially owned economy, with a particular emphasis on economic democracy, workplace democracy, and workers' self-management within a market socialist economy or an alternative form of a decentralised planned socialist economy. Democratic socialists argue that capitalism is inherently incompatible with the values of freedom, equality, and solidarity and that these ideals can only be achieved through the realisation of a socialist society. Although most democratic socialists seek a gradual transition to socialism, democratic socialism can support revolutionary or reformist politics to establish socialism. Democratic socialism was popularised by socialists who opposed the backsliding towards a one-party state in the Soviet Union and other nations during the 20th century.
Dal Yong Jin is a media studies scholar. He is Distinguished SFU Professor in the School of Communication at Simon Fraser University, Vancouver, Canada where his research explores digital platforms, digital games, media history, political economy of communication, globalization and trans-nationalization, the Korean Wave, and science journalism. He has published more than 30 books and penned more than 200 journal articles, book chapters, and book reviews. Jin has delivered numerous keynote speeches, conference presentations, invited lectures, and media interviews on subjects such as digital platforms, video games, globalization, transnational culture, and the Korean Wave. Based on his academic performance, he was awarded the Outstanding Scholar Award from the Korean American Communication Association at the KACA 40th Anniversary Conference in 2018, while receiving the Outstanding Research Award from the Deputy Prime Ministry and Minister of the Education of South Korea. He was also awarded ICA Fellow, which is primarily a recognition of distinguished scholarly contributions at the International Communication Association Conference held in Paris in 2022. Jin has been interviewed by international media outlets, including Elle, New York Times, The Washington Post, NBC, The Guardian, The Vancouver Sun, Chicago Tribune, The Telegraph, Wired, LA Times, and China Daily as one of the world’s leading scholars on Korean pop culture and these subject matters.
Christian Fuchs is an Austrian social scientist. From 2013 until 2022 he was Professor of Social Media and Professor of Media, Communication & Society at the University of Westminster, where he also was the Director of the Communication and Media Research Institute (CAMRI). Since 2022, he is Professor of Media Systems and Media Organisation at Paderborn University in Germany. He also known for being the editor of the open access journal tripleC: Communications, Capitalism & Critique. The journal's website offers a wide range of critical studies within the debate of capitalism and communication. This academic open access journal publishes new articles, special issues, calls for papers, reviews, reflections, information on conferences and events, and other journal specific information. Fuchs is also the co-founder of the ICTs and Society-network which is a worldwide interdisciplinary network of researchers who study how society and digital media interact. He is the editor of the Open Access Book Series "Critical, Digital and Social Media Studies" published by the open access university publishing house University of Westminster Press that he helped establish in 2015.
Progressive capitalism is an approach to capitalism that seeks to improve the current neoliberal American capitalism that emerged in 1980. Progressive capitalism aims to improve economic results through four defining beliefs, namely the vital role businesses play in the economy by creating jobs, fostering innovation, enabling voluntary exchange, and providing competitive goods and services; the recognition of the important role public goods, public institutions, public services and public infrastructure play in supporting businesses including: research, schools, health care, social insurance, taxation, labor law and regulation of markets; the need for the state to be involved in design and oversight of the playing field; and the integration of social justice, stewardship of natural resources and responsibility to all major stakeholders. It is being advocated by Ro Khanna and Joseph Stiglitz.