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Liberalizing the European MediaPolitics, Regulation, and the Public Sphere$
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Shalini Venturelli

Print publication date: 1998

Print ISBN-13: 9780198233794

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198233794.001.0001

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Realist Internationalism and the Competitive Order of the Information Society

Realist Internationalism and the Competitive Order of the Information Society

(p.232) 7 Realist Internationalism and the Competitive Order of the Information Society
Liberalizing the European Media

Shalini Venturelli

Oxford University Press

The discussions and presentations of facts in this chapter revolve chiefly around the competitive order of the information society in the age of information. It presents an intellectual discussion on realist internationalism and how it affects the information society. This chapter questions the primordial and dominant political contention in the information society that through market processes, fair competition in the information market can be achieved. This chapter suggests that to promote the concept of laissez faire, it is essential to establish an economic and moral defence of monopoly. Schumpeter, an influential liberal economist, acknowledges the existing proprietary rivalry in the information market and promotes the process of creative destruction to make monopolies more suited for the development of capitalism. The chapter discusses that this admission by Schumpeter of the reality of monopoly in the free market has something to do partially in the fundamental study of the organization of public space in recent modernity.

Keywords:   information society, Schumpeter, Smith, capitalism, public space, monopoly, realist internationalism

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