Financialization, finance rationality and the role of media in Australia

Greenfield, C and Williams, P 2007, 'Financialization, finance rationality and the role of media in Australia', Media Culture and Society, vol. 29, pp. 415-430.

Document type: Journal Article
Collection: Journal Articles

Title Financialization, finance rationality and the role of media in Australia
Author(s) Greenfield, C
Williams, P
Year 2007
Journal name Media Culture and Society
Volume number 29
Start page 415
End page 430
Total pages 15
Publisher Sage Publications
Abstract This article aims to contribute to understanding the role of media in financialization, understood as the composite of practices involved in making finance central to present-day capitalism and everyday life. To focus on financialization is to consider how it has come to be that the sovereignty of national governments has been eroded by their embedding within a globalized financial environment where financial markets and credit-rating agencies are able to shape the policy preferences and capacities of elected governments, and where the profitable operation of finance markets has become a predominant measure of value. One neglected part of understanding this development is tracing how populations have been equipped with a finance rationality that makes the ethos and affiliations of finance culture into so much 'common sense', thereby transforming existing and possible relations of mutuality. This task is undertaken with examples from archival Australian television programming.
Subject Communication Studies
DOI - identifier 10.1177/0163443707076183
Copyright notice © 2007 SAGE Publications
ISSN 0163-4437
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