People of America have elected Barack Obama as their President with a fantastic hope to carry them out of the economic crisis. He has triumphed over John McCain with an awesome majority. Common Americans think him as charismatic. They are seeing a savior within him. Now they need to see his charisma in bailing them out from the present financial crisis.
This is unusually harking back to the Frankfurt School tradition industry mannequin of mass tradition, whose one-sided and considerably paranoid account of mass media has been the subject of essential critiques. I wouldn’t extend this criticism to all practitioners of ‘truly current media ecology’, a few of whom appear to be comparatively insightful students of McLuhan and the opposite theorists who Fuller characterises as a ‘vivid set of resources’ (Fuller, 2005: 4). But the purpose I wish to make is that Fuller’s book is a a lot needed intervention … Read more
Capitalism, as defined by Adam Smith, solely features in societies with the correct financial institutions and the right respect for the rules of behavior” (as cited in Galbraith, 1993, p. 12). John Kenneth Galbraith (1993), a Keynesian author, famous that in the United States the construction of the economic system and the position of presidency are increasingly not appearing in accordance with the definition of a capitalist society. Galbraith (1993) wrote that these establishments are both behaving in brazen defiance of their rules” (p. 9), yet America nonetheless defines itself as a capitalist society.