Which concept includes privatization, austerity, deregulation and free trade, as discussed by Curran and Seaton?

Which concept includes privatization, austerity, deregulation and free trade, as discussed by Curran and Seaton?

• A. Social democracy
• B. Neoliberalism
• C. Protectionism
• D. Communism

Answer: (C)

Neoliberalism centers on market‑driven policies and limited state intervention in the economy. Privatization, austerity, deregulation, and free trade are hallmark elements of this approach. Curran and Seaton discuss how these market‑oriented policies shape media industries and democracy, showing how ownership concentration, reduced regulation, and a push for cross‑border trade empower corporate power and market logic in media. Protectionism, by contrast, emphasizes shielding domestic industries from foreign competition and runs contrary to the idea of free trade. Social democracy and communism involve differing levels of state involvement and planning, not the market‑driven mix described here.

Neoliberalism centers on market‑driven policies and limited state intervention in the economy. Privatization, austerity, deregulation, and free trade are hallmark elements of this approach. Curran and Seaton discuss how these market‑oriented policies shape media industries and democracy, showing how ownership concentration, reduced regulation, and a push for cross‑border trade empower corporate power and market logic in media. Protectionism, by contrast, emphasizes shielding domestic industries from foreign competition and runs contrary to the idea of free trade. Social democracy and communism involve differing levels of state involvement and planning, not the market‑driven mix described here.