Politička ekonomija medija: Slučaj Vjesnik
Political economy of the media: the Vjesnik case

Summary/Abstract: Reflecting on the modern public role of the media, this paper will review the institutional framework for their operation, with special emphasis on the role of the state. Using the political economy framework, the analysis will show that the shift of the social system, from socialism with its models of public ownership and planned economy to a liberal democracy with a capitalist market economy, influenced the functioning of the media, using the example of Vjesnik as a highly successful company during socialism that was ruined and extinguished in capitalism. This is a part of a wider phenomenon resulting from the disruptive effects of capitalist economies, where an increasing number of social relationships is reduced to economic relationships and the state as an institution, rather than protecting the interests of its citizens, acts in the interest of big capital.

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