Mosco Political Economy Analysis

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In the book The Political Economy of Communication, Vincent Mosco has talked about the definitions of political economy and the characteristics of political economy. First, Mosco puts forward a narrow definition of political economy. Narrowly political economy can be defined as “the study of the social relations, particularly the power relations, that mutually constitute the production, distribution, and consumption of resources, including communication resources” (Mosco, p.2). In other words, political economy is the study of how the power relations influence the process of production, distribution, and consumption. As we all know, communications products come from the producers to the distributors and then finally to the consumers. Of course…show more content…
Then it was adopted as a pro-market model by Latin American economists in 1970s. Deoliberalism seemed to emphasize deregulation and privatization. David Harvey has defined neoliberalism as “a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade” (A Brief History of Neoliberalism, 2005). There are examples of neoliberal policies adopted by NAFTA in 1994. Three countries were involved, including the United States, Mexico and Canada. These neoliberal policies tried to eliminate trade tariffs and to strength foreign bonds and enhance competitiveness (“Power, International Influences and Neoliberalism",…show more content…
In this article, the author shows us that the policies of Trump show neoliberalism. In fact, President Trump has made a speech to express that he is going to protect American citizens from globalization. He would bring millions of jobs back to America while spending more in the military, infrastructure and border control. The author has talk about 10 norms that define neoliberalism, including “trade liberalization, the encouragement of exports, enticement of foreign investment, reduction of inflation, reduction of public spending, privatization of public services, deregulation of industry and finance, reduction and flattening of taxes, restriction of union organization, enforcement of peoperty and land ownership” (Bessner & Sparke, para.4). When comparing these ten norms to Trump’s policies, we can find out that Trump is neoliberal. Trump has planned to cut taxes, to deregulate big businesses and conduct some privatization plans, which would weaken the unions. All of these policies show that Trump has adopted neoliberalism in making

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