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Full-Text Articles in Political Economy
Neoliberalism And Monopoly In The Motion Picture Industry, Michael S. Wartenbe
Neoliberalism And Monopoly In The Motion Picture Industry, Michael S. Wartenbe
FIU Electronic Theses and Dissertations
Monopolies and industry concentration have returned in our time, as did the ramifications in the globalized political economy. One of the most impactful in our daily lives are the Mass Media Conglomerates who not only own the majority of film, television, and news we access, but increasingly control the means of accessing it, from cable to digital. While many are familiar with these corporations via their services and products, less known by the public are their political operations and close cooperation with Washington. This is due to the lack of holistic analysis of the industry and cooperation in the media …
Corporations, Associations And The State: The International Subsidy System For Film, Michael S. Wartenbe
Corporations, Associations And The State: The International Subsidy System For Film, Michael S. Wartenbe
Class, Race and Corporate Power
Rather than increasing competition in the market and decreasing government spending, neoliberalism has driven states to compete by appealing to transnational corporations. Direct subsidization to attract investment has become one of the most egregious normalization of this process, and Hollywood and the film industry have become some of the most active participants to this system. Indeed to have a functioning film industry, government subsidies are essential, commonly paying out up to a third of the production costs. Per employee these are some of the highest subsidy rates of any industry, and with most of the world participating, they offer little …