ED2 Marxism by Jon https://padlet.com/jon_hall1/6d7ksp7jg6ym Capitalism and the media en-us 2017-02-08 21:10:47 UTC 2024-07-25 01:44:06 UTC hello@padlet.com Q1 What is Capitalism? What are its core ideas? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627277
Capitalism affords economic freedom, consumer choice, and economic growth. 


]]> 2017-02-08 21:21:08 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627277 Q2 What does Capitalism say about the media? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627336 2017-02-08 21:21:24 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627336 Q3 Where is power located in Capitalist reading of society? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627396 2017-02-08 21:21:39 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627396 Q4 What does Capitalism say about Marxism? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627441 2017-02-08 21:21:51 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627441 Q5 How do Capitalist theories apply to our study of censorship and moral panics? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627512 2017-02-08 21:22:09 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627512 Q6 STRETCH AND CHALLENGE - How does this compare with direct effect models and uses and moral panics? jon_hall1 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627559 2017-02-08 21:22:27 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152627559 zakkitch_321 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152716957 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.]]> 2017-02-09 09:59:13 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152716957 zakkitch_321 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152718466 think about democracy, does democracy go hand in hand with capitalism?]]> 2017-02-09 10:05:57 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152718466 zakkitch_321 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152719161 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.
]]> 2017-02-09 10:09:08 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152719161 ellie_bartram https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152719524 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).]]> 2017-02-09 10:10:37 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152719524 lukew945 https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152720185 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.]]> 2017-02-09 10:13:33 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152720185 ellie_bartram https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152720584 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.]]> 2017-02-09 10:15:25 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152720584 ellie_bartram https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152721548 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.]]> 2017-02-09 10:20:02 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152721548 ellie_bartram https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152724744 2017-02-09 10:35:25 UTC https://padlet.com/jon_hall1/6d7ksp7jg6ym/wish/152724744