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Business-Managed Democracy

“Business-managed democracies are those in which the political and cultural arrangements are managed in the interests of business”

Sharon Beder

Business-Managed Culture

Economic News


cartoonEconomic news generally focuses on business interests, it covers the fortunes and failings of corporations and investors rather than workers and consumers. "Indeed, the dominance of the business worldview in economic new coverage is so complete that it seems natural."


Fluctuations in world stock markets and events that influence those markets takes prime position. It is assumed that the well-being of nations and all their citizens depends on the rise of their markets. However most people are uninterested in the daily ups and downs of the stock market because they don't own shares directly. In the US less than 1 in 5 families own tock directly and less than half own stock directly or through pension and mutual funds.


In a study of the media after the economic crisis (covering February to August 2009) sources for economic stories are from corporations in at least 40% of news stories whereas union representatives feature in only 2% of news stories.


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