"Only a critical political economy approach can adequately explain how the media work today". Discuss the pros and cons of this statement, with reference to the following sector of modern media: Advertising.

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MEDIA STUDIES COM 1010

Major Essay. Value: 30%, length: 1750 words.

Zulfikar Mirza

∙        Student number: 18904068

∙        Tutor: Dr. Linda Venter

∙        Due date: 9th May 2003


Question 2.

Only a critical political economy approach can adequately explain how the media work today”.

Discuss the pros and cons of this statement, with reference to the following sector of modern media: Advertising.


INTRODUCTION

To be able to discuss the pros and cons of the statement, one must first find out exactly what the statement is declaring.  It suggests that the media can only be analyzed from a critical political economy perspective. Though the statement holds a lot of weight, it is only fair to consider exactly what the statement argues. For this essay the advertising sector of media shall be taken into consideration, as we uncover the truth behind the advertiser consumer connection.  

Critical Political Economy

Taken from Marxist studies concerning the relations between labor and capital, ‘political economy’ focuses on the structures in media that possess political and economic control. The Marxist political economy believes that in the mass media there is a definite trend to avoid the ‘unpopular and unconventional’ and to focus on values and assumptions which are most important and most widely accepted (Murdock & Golding 1977: 37, cited in Curran et al. 1982: 26).

 According to Murdock and Golding critical political economy has four main respects that set it apart from mainstream economics; they are that it is:

∙        Holistic

∙        Historical

∙        Chiefly concerned with the balance between capitalist enterprise and public intervention

∙        Takes on moral questions of justice, equity and the public good, going far beyond technical issues of efficiency

Mainstream economics considers the ‘economy’ to be a disconnected and specific subject. Meanwhile Marxist views believe media groups to be entwined into the power structure, and as a result are operating in conjunction with those more dominant institutions in today’s society. The media reproduces the viewpoints of these major institutions as being the central and obvious or natural perspective, instead of portraying the ideologies as a part of a number of alternative perspectives. Critical political economy is chiefly concerned with the relationship between the economic systems and political, social and ethnic matters.

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BODY

Ads

Whether it be via the internet, television, radio or ‘the paper’, etc, everyday we are exposed to adverts, advertising is crucial to organizations, as it is a means to attract consumers. From the viewpoint of economics, advertising is questionably a great misuse of resources, talent, and money. A critical approach must therefore attempt to determine the result of advertising on the economy, politics, culture, and everyday life and to propose solutions for its detrimental effects.

Corporations dominate the most ever-present form of public communication, which is advertising, for their own private and selfish profit. Advertising competition between corporate ...

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