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The media construction of the financial market crisis in a comparative perspective – An analysis of newspapers in UK, USA and Switzerland between 2007 and 2009


Schranz, Mario; Eisenegger, Mark (2011). The media construction of the financial market crisis in a comparative perspective – An analysis of newspapers in UK, USA and Switzerland between 2007 and 2009. Schweizerische Zeitschrift für Soziologie = Revue Suisse de Sociologie = Swiss Journal of Sociology, 37(2):241-258.

Abstract

This paper focuses on the patterns discerned in the communicative construction of economic crises by the media. The media reporting on the recent financial crisis in 2007–2009 was examined within a country-comparative analysis (Switzerland, UK, USA). It transpires that the threat implicit in the crisis increases to the degree that the media can describe it as a “system crisis” spreading like an epidemic and producing an increasing number of victims. The answer to the question whether the quality of the discourse denotes a fundamental break with the prevailing neo-liberal model of society is no. Given the strong focus of the media reports on single personalities, the demands for radical reforms were largely sidelined in the public debate.

Abstract

This paper focuses on the patterns discerned in the communicative construction of economic crises by the media. The media reporting on the recent financial crisis in 2007–2009 was examined within a country-comparative analysis (Switzerland, UK, USA). It transpires that the threat implicit in the crisis increases to the degree that the media can describe it as a “system crisis” spreading like an epidemic and producing an increasing number of victims. The answer to the question whether the quality of the discourse denotes a fundamental break with the prevailing neo-liberal model of society is no. Given the strong focus of the media reports on single personalities, the demands for radical reforms were largely sidelined in the public debate.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Sociology
06 Faculty of Arts > Institute of Mass Communication and Media Research
06 Faculty of Arts > Institute for Research on the Public Sphere and Society
Dewey Decimal Classification:300 Social sciences, sociology & anthropology
700 Arts
Language:English
Date:2011
Deposited On:28 Feb 2012 12:07
Last Modified:07 Dec 2017 11:39
Publisher:Seismo
ISSN:0379-3664
Official URL:http://www.sociojournal.ch/index.php?page=2011_2/abstract2&lang=en

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