Global Financial Crisis| Neoliberal Newspeak and Digital Capitalism in Crisis

Paula Chakravartty, Dan Schiller


Changes in the practice of business journalism are a key element in the current financial crisis. The increasing emphasis on features and infotainment at the expense of hard news has distracted public attention from the reality of global economies. In this article, we provide an overview of the dominant business and financial news media, primarily in the United States, but also in the urbanizing nations of China and India. We believe that it is too early to know what, if anything, has changed in terms of the dominance of neoliberal newspeak and we contend that rigorous scrutiny of business media is vital to global economic health.

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