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Media and Freedom to Profit

In: Economic Freedom and the American Dream

Author

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  • Joseph Shaanan

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.

Suggested Citation

  • Joseph Shaanan, 2010. "Media and Freedom to Profit," Palgrave Macmillan Books, in: Economic Freedom and the American Dream, chapter 0, pages 107-119, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-10223-1_9
    DOI: 10.1057/9780230102231_9
    as

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