Media, Crisis and The Making Of Common Sense – The Live Register

The Live Register hosted a podcast discussion on the Media, Crisis and the making of common sense between Henry Silke of this parish and Julian Mercille of UCD.

From the Live Register:

Why is the vast majority of Irish media dominated with an undoubting and uncritical attitude towards a single theory of the ‘crisis’? What role does it play in legitimising, rather than challenging, the structural causes of growing inequality? And what does this mean for radical interpretations of democracy, public space and the remaking of common sense?

In this Live Register podcast, we’re joined by Julien Mercille and Henry Silke, two academics who have been carrying out separate research relating to the Irish media.

Julien Marcille lectures at the School of Geography in UCD and has recently published research on how the Irish mainstream media have covered the Irish “crisis” from a pro-austerity position over the last five years. Henry Silke is a postgraduate researcher at the School of Communications DCU, who has been examining the political role of the Irish press during the crisis.

We used their research to frame a wider discussion of the real role of mainstream media in Ireland today, exploring how market ideology is central to how mainstream media frames public discourse, very much at odds to the perception of mainstream media holding truth to power.

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Market ‘Realities’: Decoding Economic Ideology in the Press – Paschal Preston & Henry Silke DCU

[T]he superstructure depends on its economic foundations.  But it is necessary to emphasise the fact that the superstructure operates retroactively on its base.  The retroactive superstructual influence in no less important than the influence of the base itself.  The historical process can only be explained by observing the interaction of the two.  They do not affect each other mechanically or as externally independent factors; they are inseparable moments of a unity.

(Franz Jakubowski 1976 p. 57)

Introduction

In the current economic and political crises the mass media continue to play an important role in both political and economic discourse. Therefore how the news media treats the economic crises and its political aftermath is of some importance. The authors maintain that current neo-liberal ideological assumptions have an influential effect on contemporary news and financial journalism and that the latter, in turn, serve to shape the course of economic and financial processes. They maintain this is important as neo-liberal ideologies are not separate from the material world but can have real effects in terms of state policies and business strategies. Moreover, neo-liberal assumptions may have blinded journalism to potential crises related to market contradictions and bubbles.

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Property, Property, Property!

“Nothing exciting – or dangerous – is in prospect for the (property) market    over the next two or three years”  –  Marc Coleman (Economics Editor); The Irish Times, March 1st 2007

The current economic crisis in Ireland, though deeply rooted in Ireland’s role as a dependent economy in the European periphery, is primarily a crisis caused by the property bubble and subsequent crash. The Irish mass media, most notably the press, played an important role in the lead up to the crisis both as cheerleaders and beneficiaries of the property bubble.  All major Irish newspapers include lucrative property supplements, and both the Irish Times and Independent News and Media made substantial investments in property listing websites. Unsuprisingly, the mass media and especially the press were uncritical of the hyperinflation of housing cost. In fact in the journalistic frame of housing as a speculative commodity (rather than social nessesity) price inflation was reported as a positive.  Irish Journalism, blinded by market ideology, against all historical evidence, seemed convinced that the market would slowly deflate into the much vanted ‘soft landing’.

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