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

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

Discuss this statement with reference to two of the following: Advertising; news and current affairs; television; radio; newspapers.

Despite many views considering the media as the fourth estate and watch dog of society, it is clear, that this is not the case.  From the evidence shown in the following essay, it can be strongly concluded that the critical political economy approach is the best and most consistent theory that can adequately explain how the media works toady.  This approach not only describes the functioning and role of the media, it also shows us that the media is being more and more influenced by not only a smaller concentration of owners, but also the media’s obsession with gaining maximum audiences.  The following essay will give an in depth description of not only the critical political economy approach in relation to today’s media, but, it will also use the examples of both newspapers and television to emphasis the point that the critical political economy approach to the media is the best and most relevant way in describing the media and its motives in today’s society.

The critical political economy approach is based around political and economic forces within the media that have a strong influence over its production.  It is an idea that attempts to analyse the interplay of the organizational sector of the media and its affect on political, social and cultural aspects of life.  “Critical political economy is mainly concerned with the relationship between capitalist enterprise and social intervention…  Importantly, it goes beyond technical issues of efficiency to engage with basic moral questions of justice, equity and public good.”  This approach attempts to provide grounds to argue whether the media is simply a business, based around consumers, or if the media is a service which emphasizes informing, educating and entertaining society.

The mass media of today is becoming greatly manopolised in many countries across the globe.  The concentration of media ownership is gradually being reduced to a very select group.  This loss in numbers of mass media owners has been particularly dramatic in the last decade.  “During the latter part of the twentieth century, there has been an increase in concentration of ownership and control of national media, both in industrialized and less industrialized regions.”  As ownership of mass media becomes more and more controlled by the same people it can be argued that the public is gaining more and more biased or politically skewed information from the media.  “There is no shortage of politicians and others charging that the news is an expression of its owners’ biases.”  It can be further considered that the media is moving away from being considered the fourth estate; in fulfilling its role as not only a watchdog, but as an informer and source of information and a source of education.  As the following paragraph shows it is moving from this role and is progressing towards the critical political economy critique of being dominated by capitalist enterprise.

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Through the use of the critical political economy approach we can clearly construct a picture of what role the media is playing today.  “It is interested in seeing how the making and taking meaning is shaped at every level by the structural asymmetries in social relations.  These range from the way news is constructed by the prevailing relations between press proprietors and editors or journalists.”  From local to global levels, the mass media has an enormous influence on many aspects of peoples’ lives.  From television, newspapers, magazines and other mediums, people gain their own point of view of society. ...

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