ABSTRACT

Neoliberals argue that the marketplace is a sphere in which equal individuals exchange goods with one another through perfect information on issues such as the price of goods on offer. Neoliberalism increases inequalities in and around sources of information, rather than reducing them. Some argue that critical theories of neoliberalism establish ideal-typical models, which fail to take account of the complexities of societies. Some Marxist critics note that those who pursue a cultural political economy approach often do so by incorporating a discourse analysis that draws too heavily on abstract linguistic analytical conventions. Those who work within a critical cultural political economy analysis are said to bracket these contradictory properties of capitalism in their respective analyses in favour of exploring discourse as relatively coherent and stable discourses. Ohmae have argued that transformations in global finance have been part of a move towards a networked information society and knowledge-based economy.