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Communication and Capitalism: A Critical Theory

2020, Communication and Capitalism: A Critical Theory

Abstract

2 Communication and Capitalism operating under the control of neoliberal managers who have seen students as fee-paying customers yielding profits, knowledge as an instrument of capital, and academics as machines producing outputs, impacts, and grants. Under these conditions, Marx's approach was over decades presented as a failed theory and socialism as a failed model of society corresponding to Marxist theory. The rise of new social movements, individualism, neoliberal pressures on the humanities and social sciences, the long legacy of Stalinism, a flexible regime of accumulation, globalisation, and informatisation all influenced the emergence of postmodern and post-structuralist theory. David Harvey argues that postmodernism is the ideology of a capitalism that has a flexible regime of accumulation. 2 In contrast to Marxist theory's focus on solidarity, class, modes of production, the economy, matter, labour, macro-analysis, totality, production and the dialectic, postmodern theory stresses difference, identity, networks, culture, language, microanalysis, contextualisation/specificity, consumption, and articulation. Knowledge and communication have since the middle of the 20th century played an increasingly important role in the economy and society, which any theory of society must take into account. In his last interview, Stuart Hall said that the problem of the various versions of postmodern theoryhas been, however, that 'in its attempt to move away from economic reductionism, it forgot that there was an economy at all'. 3 As a consequence, postmodern theory has had an anti-Marxist bias. In 2008, a new world economic crisis started. It suddenly became evident that capitalism is not the end of history. The consequence was a renewed interest in Marx's theory and in socialist politics. More and more people became convinced that Marx's theory has something important to tell us about contemporary society. Marx was not just a theorist of capitalism, but also a critical theorist of communication and technology. 4 Marx's thought is therefore an excellent starting point for a contemporary critical theory of communication and communication technology. A Marxist theory of communication aims at showing how capitalist communications work and what antagonisms such communication systems have, and it seeks to inform praxis that points beyond capitalist communications towards socialist communication. This book makes a contribution to such theoretical foundations.