CMN 140 Lecture Notes - Lecture 13: Film Studio, Transmedia Storytelling, Kfc
Document Summary
Bad b/c consumers are better served by competition among businesses & believe monoopilies concentrate too much power in hands of one business which is then free to raise prices and degrade services b/c lack of competittors. Good b/c economic efficiencies are passed onto customers in the form of lower prices (ex: walmart and mcdonald hella cheap bc they"re big&efficient: media control information. Populist value = belief that control of important institutions should be spread out as much as possible so that many ppl share the power. Thus, considerable power should exist at local level, closest to individuals; best serves society . Ex: founding fathers of the us create a democratic government rather than a monarchy; believed individual > institutions or governments. If government is necessary, believed it should be decentralized to be closer to the ppl"s needs; so powers are restricted leaving some areas & decision-making to state/local governments.
