CMN 1160 Lecture Notes - Lecture 9: Electronic Waste, Canadian Content, Market Failure

• School: University of Ottawa
• Department: Communication
• Course: CMN 1160
• Professor: Daniel Pare

Document Summary

Capitalism- economic system in which all or most of the resources or means of production and distribution, such as land, inputs, factories, telecoms are privately owned and operated for profit. Companies do not want competition, they want monopoly. Bell wants competition with smaller players so they can buy them out and eliminate them from the market. Canada: oligopoly- handful of companies dominate an industry, either locally or nationally. Economism: cultural production as a commercial enterprise: treat cultural production as enterprise, frankfort school: culture being destroyed by being commercial. Market externalities: economic costs and benefits that are not accounted for by the immediate transaction between buyer and seller, cost doesn"t factor in ewaste cost, ewaste is greatest cost (environmental cost) Cultural works: economisms arguments: value of cultural work is the cost of producing it, market externality: beyond the cost value, the benefits of reinforcing, generating, producing national identity, notion of value/how we define value. Communication commodities: tangible commodities- cds, books, phones.