ABSTRACT
This introduction presents an overview of key concepts covered in the subsequent chapters of the book. The book seeks to address these gaps by using a critical political economic approach to explain the failure of business journalism in reporting global financial crises and, more importantly, in striking a balance between the business bottom line and public interest. However, research on the political economic approach to the problem of the media has not only tended to focus on the structures of the media system but has also looked at a much broader spectrum of the media landscape. There is very little, if anything, in the literature on the study of the problem of journalism from a political economic perspective in a global context. Global capitalism has been in crisis since its emergence following the industrial revolution of the nineteenth century; this has been more evident in the great global financial crises of the twentieth and twenty-first centuries.
