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Lecture 2

POL 128 Lecture Notes - Lecture 2: Horizontal Integration, Vertical Integration

Politics and Public Administration
Course Code
POL 128
Matthew Flisfeder

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Lecture 02 - The Political Economy of Film
-Political economy
-Argues that the elds of politics and economics are inseparable
-Adam Smith: PE = study of wealth and allocation of resources
-Classical PE: shift from political economy to “economics” – shift from macro to
-Marx/Engels: historical materialism – holistic approach to relation between
commodities, social
relations, and ideological hegemony
-Critical political economy = return to macro-analysis; looks at the role of the
state in economic
matters that serve the interests of the wealthy
-An economic system based on private ownership of the means of production and
distribution, and geared towards the generation of prot
-Underwrites many of the economic and cultural institutions that we take for
granted today, such as
private property, individual freedom, and the imperative for economic growth
-In capitalist economies, the means of creating, distributing, and exchanging
wealth lie in the hands of
wealthy individuals and corporations, rather than in the hands of the public or
-The value of labour and goods/commodities is dened by their exchange value,
rather than their social usefulness or signicance
-There is a tendency to see capitalism as both positive and natural – the product of
‘human nature’
-The political ideology as capitalism
-Gives prominence to the individual over society
-Centered on individual liberty – based on increasing the rights and freedoms of
the individual
-Liberal democratic society guarantees individual freedom and equality
-But, few of us can take advantage of our freedoms because of structured
inequality in capitalism
-The State and Government
-An independent, self-governing political community
-Its governing institutions have the capability to make rules that are binding
on the population
residing within a particular territory (ie. Canada, US, etc.)
-Set of institutions that makes decisions and oversees their implementation
on behalf of the
state for a particular period of time
-Structures of ownership
-Cycles of production:
-Production, distribution, exhibition
-Vertical integration
-Horizontal integration
-Classical Hollywood and the Studio System (until 1948)
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