MDSA01H3 Chapter Notes - Chapter 2: The German Ideology, Friedrich Engels, Horizontal Integration
Document Summary
A theory and a social and political movement rooted in the idea that society is the history of class struggles. origins lie in the work of karl marx an friedrich engels, who collaborated on. Mode of production in society (underlying economic structure) determines the social relations of production (class structure). Superstructure: social consciousness, as encoded in institutions such as culture, religion, education, politics and the judicial system. How the media industry is organized and controlled. Reflects an organizational state in which the ownership and control of an entire industry, such as the mass media, is dominated by just a few companies. (oligopoly) Time warner, disney, viacom, news corporation and bertelsmann the big. Despite other large profitable media corporations, their percentage of total media profits pale in comparison to the big five. Corporate practice of accumulating multiple companies and businesses through startups, mergers, buyouts, and takeovers.
