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Capitalism is affecting media in ethically troubling ways from a utilitarian perspective as well. As previously mentioned, mass media corporations are part of the “propaganda machine”. As a result, journalists working for these corporations perpetuate a false image of the government and the private sector. Mass media corporations are therefore compromising the role of journalism within a democratic context; that is, to provide regular political, economic and social updates to all citizens in an unbiased manner. Capitalism, therefore, is not creating the greatest good for the greatest number, as democracy is considered the best social model discovered to date.

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The people at the top have the power. The people with power control the media and censorship. They can choose what we see and the information we are told.

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Karl Marx said there is a limited amount of power in society, which can only be only be held by one person or group at a time.  Marx said these “groups” are the working and ruling classes. Under capitalism the ruling class hold all the power and use it to exploit the working class. This is the cornerstone of Marxism.

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Karl Marx saw capitalism as a progressive historical stage that would eventually stagnate due to internal contradictions and be followed by socialism. Marxists define capital as "a social, economic relation" between people (rather than between people and things).

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The advantages of capitalism include:

Consumer choice - Individuals choose what to consume, and this choice leads to more competition and better products and services.

Efficiency of economics - Goods and services produced based on demand create incentives to cut costs and avoid waste.

Economic growth and expansion (which is possible in the capitalist economy system) - This increases the gross national product and leads to improved living standards.

The disadvantages of capitalism include:

A chance of a monopoly of power - Firms with monopoly power (when a specific person or enterprise is the only supplier of a particular commodity) can abuse their position by charging higher prices.

Inequality - A capitalist society is based on the right to pass wealth down to future generations. If a small group of people hold all the wealth and that wealth continues to be passed down to the same groups of people, inequality and social division occur.

Recession and unemployment - An economy based on the market of consumers and producers is invariably going to experience growth and decline.

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think about democracy, does democracy go hand in hand with capitalism?

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High culture most commonly refers to the set of cultural products, mainly in the arts, held in the highest esteem by a culture. It is the culture of an elite such as the aristocracy or intelligentsia.

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Q6 STRETCH AND CHALLENGE - How does this compare with direct effect models and uses and moral panics?

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Q6 STRETCH AND CHALLENGE - How does this compare with direct effect models and uses and moral panics?

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Q5 How do Capitalist theories apply to our study of censorship and moral panics? 

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Q5 How do Capitalist theories apply to our study of censorship and moral panics? 

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Q4 What does Capitalism say about Marxism?

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Q4 What does Capitalism say about Marxism?

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Q3 Where is power located in Capitalist reading of society?

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Q3 Where is power located in Capitalist reading of society?

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Q2 What does Capitalism say about the media?

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Q2 What does Capitalism say about the media?

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Q1 What is Capitalism? What are its core ideas?

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Q1 What is Capitalism? What are its core ideas?

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Capitalism affords economic freedom, consumer choice, and economic growth.