COM 100 Lecture Notes - Lecture 7: Invisible Hand, Desegregation, Mass Media
Document Summary
What connects lady lashing out at starbucks, mass shooting in las vegas, and events of the renaissance. Mass media technologies (ex: printing press) changed the game. We also live in a revolutionary time as the iphone is popularized. This was a revolutionary time in history (1500s) How we live the way we live. When they finally earned enough money, they invested in the phonograph. They were officially invested into the middle class. One must create a market for new technologies. Inexorable laws of capitalism went to work. Mercantile theory: adam smith and the invisible hand. Laws of supply and demand were put into effect before the creation of the earth itself. Government did not try to universalize the radio. Supply and demand - the number of users chasing the goods. Everyone wanted one because everyone had one. Immigrant comes to america with no money. When he has officially joined the american middle class, joined everyone else.
