Success of Capitalism through Mass Media Free Essay Example, 3250 words

In communism, the government as planning agency dictates what gets produced and how much it gets produced (Slavin, 1996). Capitalism is also compared to socialism as an alternative economic order. Socialism is closely related to communism since both concepts entail massive government or state intervention in terms substantial degree of government planning instead allowing market forces to function freely (Slavin, 1996). The practice of capitalism is better seen in the United States of America and other democratic countries as mass media is allowed to influence decision-makers on what needs to be produced and distributed in the market. Companies or individuals create value by finding what will cause them to produce increased capital in the form of profit from their original investment. For the purpose therefore of this paper, successful capitalism means the continuation or/and expansion of the economic order across borders or the elimination or modification of the alternative economi c order towards the functioning of market forces. Mass media include all the manner of communications between the public and those who are made responsible in society because of latter s power and influence as a result of political and economic structures. We will write a custom essay sample on Success of Capitalism through Mass Media or any topic specifically for you Only $17.96 $11.86/page To illustrate, an agricultural industry in one country may be better off over that of an oil industry and vice versa for a certain country but not for another country.