The End of Neoliberalism¹

There is No Alternative: The Critical Potential of Alternative Media in the Face of Neoliberalism.

“…When it comes to the media there is some consensus between Grantham and Miller (2010) and Harvey's (2010a) positions: they both hold the mass media at least partly responsible for the promotion and implementation of a neoliberal doctrine. There have been quite a few comments made on the relation between neoliberalism and the media, and as Couldry (2010) has pointed out, the relation of mainstream media in general to neoliberalism is much more complex than what one could hope to cover in a single article.…”

“…Chakravartty and Schiller 2010;French et al 2009;Grantham and Miller 2010;Lewis 2010). Their argument is that not only did business media play a role in legitimizing the financial processes that preceded the crisis of 2008, but also that "in the last three decades, stories prominent on the pages and screens of the globally integrated financial news media exerted a powerful form of symbolic violence, normalizing and depoliticizing what were not too long ago understood as fringe economic theories" (Chakravartty and Schiller 2010, 686).…”

“…Their argument is that not only did business media play a role in legitimizing the financial processes that preceded the crisis of 2008, but also that "in the last three decades, stories prominent on the pages and screens of the globally integrated financial news media exerted a powerful form of symbolic violence, normalizing and depoliticizing what were not too long ago understood as fringe economic theories" (Chakravartty and Schiller 2010, 686). For Grantham and Miller (2010) too it is in the mass media's version of "the financialization of everything" (Harvey 2005, 33) (Grantham and Miller 2010, 176).…”

“…In the article "The End of Neoliberalism", Grantham and Miller (2010) equals neoliberalism with something like a worldview, similar to religion or nationalism, and their argument is that this worldview has come to an end due to the financial crisis and economic recession of 2008. They are representatives of the idealist interpretation of the concept neoliberalism that stresses the effect of mental conceptions over economic practice and material conditions.…”

Financialisation of news in China in the age of the Internet: the case of Xinhuanet

“…However, little research has been done in the Chinese context (for one of the few exceptions, see Wang, 2017). In mainland China, the most influential state-owned news institutions, such as Xinhua News Agency, while largely maintaining their propaganda function, have been trying to financialise themselves in a way which is similar to what Grantham and Miller (2010) describe about their Western counterparts. Moreover, the government, led by the Communist Party of China (CPC), has been pressing them to speed up the transformation process since 2009.…”