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The Structural Subordination of Western Media to Finance Capital - Part I

  The Structural Subordination of Western Media to Finance Capital

Part I: The Liberal Myth of the "Free Press"

 

1.1-. Liberal Theory: Media as the Independent "Watchdog" over Power

The bourgeois theory of freedom of the press historically was directed against feudalism and absolute monarchy—against non-economic methods of coercion. The slogan of freedom of the press was progressive in the 17th century—a weapon against feudalism and absolute monarchy. Despite its bourgeois class character, it represented a step forward in human emancipation.

But this progress was dialectical. Once the bourgeoisie consolidated power, the slogan underwent a dialectical reversal. The "freedom of the press" became the freedom of capital to publish. The bourgeoisie that had once demanded freedom from feudal censorship now imposed its own restrictions on the working class. The class essence of bourgeois press freedom came to the fore simultaneously with the assertion of bourgeois rule.

When the working class emerged within the new system and claimed its share of "freedom," as Marx pointed out:

"The bourgeoisie not only did not give him freedom of the press, but also harassed and repressed the publications of their organizations."  Marx, "Communism and the Augsburg Universal Gazette"

The historical record confirms Marx's analysis:

Country

Publication

Year

Suppression Method

France

Réveil (International Workingmen's Association)

1868

Suppressed

Germany

Social-Demokrat

1878–1890

Banned under Anti-Socialist Laws

Britain

Poor Man's Guardian

1831

Prosecuted for seditious libel

United States

Appeal to Reason (circulation 500,000+)

Early 1900s

Harassed; editors prosecuted for anti-war and pro-labor content

Thus, the bourgeois class essence of press freedom was not a hidden truth—it was manifest from the beginning. The dialectical reversal of the slogan—from progressive weapon against feudalism to reactionary shield for capital—was already apparent in the mid-19th century. The working class, which had helped secure bourgeois freedom, was denied its share. The working-class organizations and parties practically did not have the means to publish their newspapers. In cases where they created the conditions and means through collections among the workers and members, with great sacrifices, the bourgeoisie deprived them of the right to publish them through various ways.

Newspapers became "commodities" for the rich, which exposed the very essence of the bourgeois concept of freedom of the press. The economic foundations of the bourgeois press determined and coincided with its ideological functions in serving the interests of its own bourgeois class. Publishing became part of capitalist production. Owning the political system, all the laws enacted by bourgeois extended to the activities of newspaper and magazine companies.

As Marx wrote in Capital:

"A commodity appears, at first sight, a very trivial thing, and easily understood. Its analysis shows that it is, in reality, a very queer thing, abounding in metaphysical subtleties and theological niceties."

The newspaper is a commodity produced for sale. Its content is the "use value" that attracts buyers. But the content is shaped not by the pursuit of truth, but by the need to sell copies and attract advertisers. The "news" is a product, and the product is shaped by the market. The "freedom of the press" is the freedom of capital to shape this product in its own interests.

The fallacy of the theory of freedom of the press and its conflict with the concrete reality of the bourgeois system has become blatant. The freedom of the press did not even exist for all categories of the bourgeoisie, but only for the richest publishers. The narrative about freedom of the press turned into pure hypocrisy under the conditions of bourgeois realities with numerous publicized cases in recent history.

The pattern is consistent across all bourgeois states. The legal apparatus of the state—the courts, the police, and the licensing authorities—was deployed against working-class publications not as an exception, but as a rule. The "freedom of the press" was freedom for capital to speak, not for labor to be heard.

The historical record shows that the press was never independent—it was always owned by capital. The myth of objectivity emerged precisely when the press was becoming concentrated and commercialized. It was not a discovery of truth—it was a marketing strategy designed to maintain credibility while serving the interests of capital.

1.2- The Myth of Journalistic Objectivity


"The bourgeoisie has stripped of its halo every occupation hitherto honored and looked up to with reverent awe. It has converted the physician, the lawyer, the priest, the poet, the man of science, into its paid wage laborers."  Marx & Engels, The Communist Manifesto

We have established that the bourgeois theory of press freedom was historically progressive against feudalism but underwent a dialectical reversal once the bourgeoisie consolidated power. The "freedom of the press" became the freedom of capital to publish. The working class was excluded. The press became a commodity—produced for sale, shaped by the market, and serving the interests of its owners.

This structural reality created a crisis of legitimacy. The press could not openly admit that it served capital—it needed to maintain the appearance of neutrality. The solution was the myth of objectivity. Objectivity was not a discovery of truth. It was a response to a crisis of credibility—a marketing strategy designed to maintain legitimacy while serving the interests of capital.

The myth of objectivity is one of the methods of activity of bourgeois journalism, the system of techniques with which it performs its functions of manipulating public opinion and consciousness in bourgeois society. Bourgeois theorists reject the principles of objectivity, opposing it with the principles of relativism and the refusal to search for truth, the comprehension of which, in their opinion, is impossible.

In reality, being objective, revealing the truth, the laws of social progress are contraindicated, because this is contrary to the interests of the class a professional journalist represents. Bourgeois professional journalism gives leading prominence to various techniques and methods of suggestion in the field of propaganda, aiming to cultivate specific attitudes in the audience. When addressing the masses, it often avoids detailed argumentation and instead employs a technique of suggestion based on principles that almost completely deprives the audience of the opportunity for reasoning.

Professional journalists offer ready-made solutions and do everything to ensure these solutions are ingrained in the consciousness of their viewers and listeners, even against their will. In essence, bourgeois journalism employs methods of ideological violence against readers, viewers, and listeners.

In disinformation techniques and systems for influencing the masses, emotional techniques, particularly those characteristic of professional journalists, play a significant role. Information policy occupies an important place in bourgeois propaganda. The abundance of messages gives the audience the appearance of awareness, access to information sources, the ability to draw their own conclusions, and make their own assessments.

Meanwhile, for a bourgeois professional journalist, the selection of facts is the first and most important method of disinformation. The selection of facts as a method of disinformation is not a theoretical abstraction—it is a documented practice:

Example

Year

Technique

Outcome

Iraq War (WMDs)

2003

Prominent coverage of administration claims; suppression of dissenting intelligence

Public misled into supporting war

2008 Financial Crisis

2008

Promotion of "housing market stability" narrative; downplaying warnings

Public misled about economic risks

COVID-19 Lab Leak Theory

2020–2021

Dismissal as "disinformation" in 2020; acknowledgment as "possibility" in 2021

Public misled about the origin of the pandemic

In each case, the selection of facts served the interests of the ruling class. The "objective" journalist presented a partial picture—and in presenting a partial picture, they misled the public.

And it is no coincidence that today we speak of a pollution of consciousness in bourgeois society. The abundance of trivial messages presented as important, the frequent suppression of the most important events, contributes to the formation of a distorted picture of the world, which in turn prepares the ground for the technique of lying.

The myth of objectivity is not a failure of individual journalists—it is a structural feature of bourgeois journalism. The journalist is a wage laborer. They work for a corporation. They are subject to the profit imperative, the editorial policy, and the threat of firing or blacklisting. The "objective" journalist is not neutral—they are conforming to the interests of their employers.

This is the dialectical connection we will develop throughout this article: the ownership of the means of mental production by capital determines the content of mental production. The myth of objectivity is the ideological mask that conceals this structural reality. It allows the press to present itself as neutral while serving the interests of its owners.

Regardless of a journalist's class position, there is no such thing as abstract objectivity. While there may be some differences in qualitative and mass information flows, in the presentation of factual information, capitalist journalism consistently and steadily defends the interests of the ruling class, spreading bourgeois ideology through misinformation, disinformation and mal-information.

As we will see in the next section, the professional standards of journalism are not standards of truth—they are mechanisms of enforced conformity designed to ensure that journalists serve the interests of capital.

The "objective" journalist—the professional who claims to stand outside class interests—is a later invention, a response to the crisis of legitimacy created by this contradiction. It was not a discovery of truth—it was a marketing strategy designed to maintain credibility while serving the interests of capital.

The liberal theory presents the press as an independent "watchdog" over power—but the historical record shows that the press was never independent. It was always owned by capital. Its "freedom" was the freedom of capital to shape public consciousness. The "watchdog" does not bite the hand that feeds it. As we will see in the next section, the myth of journalistic objectivity was not a description of practice but a strategy for marketing and manipulation—a professional standard designed to maintain the credibility of a press that served the interests of its owners.

This is the structural foundation upon which the myth of the "Fourth Estate" was built.  This theory is historically specific to the bourgeois epoch. It emerged as a weapon against feudal absolutism. It was progressive in its time.

But the theory is false as a description of reality. The press is not independent of power—it is integrated with power. It is owned by the same class that holds political and economic power. The "watchdog" does not bite the hand that feeds it.

1. 3- The Theory of Social Responsibility as Crisis Management

"The intellectuals are the dominant group's 'deputies' exercising the subaltern functions of social hegemony and political government."  Antonio Gramsci, Prison Notebooks

The myth of objectivity, as we have demonstrated, was a response to the crisis of legitimacy of bourgeois journalism. It allowed the press to present itself as neutral while serving the interests of its owners. But the myth was not sustainable. The contradiction between the claim of objectivity and the reality of class-serving journalism grew increasingly blatant.

In the 1940s in the United States, a new bourgeois concept emerged concerning the position and role of the press in society, known as the "social responsibility theory of the press." This theory aimed to replace the exposed falsity of the "freedom of the press" theory. Although "freedom of the press" continues to exist as an independent theory, and the vast majority of bourgeois journalists still adopt and disseminate it as the main theory in their journalistic activities, the falsity and inconsistency of this theory have become so obvious, especially in recent years, that it is in fact only applicable as a demagogic slogan to an inexperienced audience and clearly lacks any correspondence with reality.

The authors of this new concept—bourgeois journalists and theorists—acknowledging that there was no true freedom of the press in the US, argued that discussing it was pointless, but clung to the fantasy that a situation could be achieved that would limit the influence of monopolies over the media. These theorists also proposed the creation of private institutions to control the activities of the media.

The emergence of this new concept raised several important questions. First of all, the advancement of the theory of social responsibility of the press confirmed and emphasized the absence of such social responsibility in the bourgeois world, and simultaneously the indefensibility of the theory of freedom of the press. In this context, it was argued, again with the same idealism, that it had become necessary to consider how to ensure societal control over the media.

The discourse on social responsibility had become fashionable in the world after the Second World War.

Ultimately, the concept of social responsibility, aimed at controlling the press, manifested itself in the necessity of reinforcing the class position of the bourgeoisie through press activity via the intervention of the bourgeois state.  

The state's creation of special bodies to control the press essentially resulted in further suppression and surveillance of the press, thereby completely eliminating the possibility of press opposition. In this sense, social responsibility theory has paved the way for fascist theories in journalism. Therefore, regardless of the authors' primary intentions, the biggest supporters of social responsibility theory have been far-right individuals and groups.

History confirms this pattern. In Italy under Mussolini, the press was brought under state control through the use of "social responsibility" rhetoric. In Germany under Hitler, the press was coordinated (Gleichschaltung) in the name of national unity and social responsibility. In Japan during the war, the press was controlled through the Information Bureau.

History has proven this fact in numerous fascist countries:

Country

Period

Mechanism of Control

Rhetoric Used

Italy (Mussolini)

1922–1943

Press brought under state control

"Social responsibility"

Germany (Hitler)

1933–1945

Press coordinated (Gleichschaltung) in the name of national unity

"National unity," "social responsibility"

Japan

1937–1945

Press controlled through Information Bureau

"National security"

United States

1917–1918 (WWI); 1942–1945 (WWII); Cold War

Committee on Public Information; Office of War Information; CIA funding of media organizations

"National security," "anti-communism," "defense of democracy"

In the United States, the pattern is more subtle but no less real. During World War I and World War II, the US government established censorship and propaganda agencies—the Committee on Public Information (1917) and the Office of War Information (1942)—that controlled the flow of information in the name of "national security" and "social responsibility." During the Cold War, the CIA funded and influenced media organizations (e.g., the Congress for Cultural Freedom, which published Encounter magazine) in the name of "anti-communism" and "defense of democracy."

In each case, the "social responsibility" of the press was invoked to justify state control and the suppression of dissent.

In addition, bourgeois theorists, in order to strengthen and support the theory of the social responsibility of the press, created a new concept about the place of the professional journalist in society. They put forward the slogan of "freedom of the journalist" in place of the slogan of freedom of the press, which has proven impossible to achieve under the capitalist system. Here, the theorists ignored the fact that the "journalist" cannot be free because of the employer-employee relationship.

This is the dialectical contradiction at the heart of the theory: if freedom of the press is denied because it is "related to ownership" of the means of production, how can freedom of the journalist be possible under the same owner-employee relationship?

The journalist is a wage laborer. They are employed by a corporation. They are subject to the profit imperative, the editorial policy, and the threat of firing or blacklisting. The "freedom of the journalist" is a fiction—it assumes that the journalist can be "independent" while being paid by a corporation that has its own interests.

The employer-employee relationship is the structural barrier to freedom. The journalist cannot be free because they are dependent on their employer for their livelihood. The "freedom of the journalist" is not a solution to the crisis—it is an ideological mask that conceals the structural reality.

The theory of social responsibility and the slogan of freedom of the journalist collapsed in practice—they failed to address the structural crisis of bourgeois journalism. But they remain dominant in the bourgeois liberal world as ideology. They serve to maintain the appearance of reform while leaving the structural reality untouched.

This failure is not accidental. The theory of social responsibility cannot succeed because it does not address the root cause: the ownership of the means of mental production by capital. As we will demonstrate in the following sections, the professional standards of journalism are not standards of truth—they are mechanisms of enforced conformity designed to ensure that journalists serve the interests of capital.

The crisis of legitimacy of bourgeois journalism is structural, not behavioral. It cannot be reformed. It must be replaced.

1.4- The Professional Standard as Enforced Conformity

"The ideas of the ruling class are in every epoch the ruling ideas: i.e., the class which is the ruling material force of society is at the same time its ruling intellectual force."  Marx & Engels, The German Ideology

The theory of social responsibility collapsed in practice—it failed to address the structural crisis.

But if reform is impossible, how does the system maintain control? The answer lies in the mechanisms of enforced conformity that are embedded in the structure of professional journalism. These mechanisms do not require direct censorship—they operate through the selection of gatekeepers, the threat of punishment, and the internalization of boundaries through self-censorship.

In the practice of the modern Media of the West, the various manifestations of the political control of the capitalists can be reduced to the following main types: 1) absolute control, 2) two-tier control, 3) corporate control, 4) mixed control. However, at the final analysis, all comes down to the "gatekeepers"—hand-picked editors.

As Marx wrote in The German Ideology:

"The class which has the means of material production at its disposal, consequently also controls the means of mental production, so that the ideas of those who lack the means of mental production are, in general, subject to it."

The types of control we have described are the mechanisms through which this control is exercised. Whether absolute, two-tier, corporate, or mixed, the outcome is the same: the journalist is a wage laborer, and the content they produce serves the interests of their employer—the class that owns the means of mental production.

1. Absolute Control. This is defined by the political and economic control of the media being in the hands of a single owner or family group. Absolute control openly and consistently follows the political views of an influential group of big capital and the associated bourgeois party. This type of control was a characteristic structure, especially in the early period of press monopolization, before the dominance of financial capital. However, as we will see, it is still practiced in many countries of Western Europe today.

"From the first page to the last...whatever comes out has to reflect my view, and that is the way it is."  Henry Luce, founder of TIME magazine

In Asian countries, the media ownership of capitalist families in India and Japan is close to this type. The form of absolute control is very typical in many Latin American countries; however, the political line of local press owners also expresses the interests of the American monopolies that are in power there.

2. Two-tier control. In this system, ownership of the information outlets remains in the same hands, but the day-to-day running of operations is entrusted to the editor-in-chief. In the US, Newhouse holds a press monopoly, while Robert Holmes Thomson's publishing house owns numerous newspapers in the UK, US, Canada, and many other countries.

3. Corporate control is very similar to the previous type of control, but the difference is that ownership of the press is "corporatized," meaning it is in the hands of a group of shareholders or holding companies.

4. Mixed control (state-monopoly) in media with so-called public status. These types include radio and television services of the Western European capitalist state, as well as those of Canada, Japan, and many other countries. The political line of such media is determined either directly through government officials or through constituent councils that adjust this line taking into account the interests and influence of various groups within the ruling bourgeoisie.

The political control of capital over the bourgeois press manifests itself in specific forms in different countries, determined by the historical and socioeconomic characteristics of each nation. However, it shares a number of common features with all countries. The process of concentration and monopolization of the bourgeois press minimizes the number of individuals and organizations responsible for the media.

Editors primarily have the responsibility and authority to select, organize, and highlight or revise the author's main idea within the information presented. Western media talks and boasts about journalistic ethics. However, in practical reality, these ethics are determined by the journalist's position as a paid employee of the media outlet. Ultimately, the media owner, publisher, and editor-in-chief think and make decisions on behalf of the journalist. The final product never belongs to the journalist but to the editors.

This is not a phenomenon unique to capitalism. Similar but contrasting in context in socialist systems. In the Soviet Union, for example, simply reading Lenin's letters to the editors of the Party newspapers is enough to see how meticulously he approached the reliability of the materials published and the facts used in those letters. One aims at presenting the fact; the other aims at misrepresenting the facts.

There are fundamentally two ways of "punishment" for crossing the boundaries drawn by the capitalist media industry. One is administrative punishment (legal actions), the second is "firing" and/or "blacklisting" in the field of media since they are all owned by the same finance capital in the final analysis. In the first case, the main purpose is to prevent the publication of undesirable material by making an "example" when the border is crossed. That is, although for the media and publications, we have seen numerous examples of that being used for individuals. The second is for the individuals, for which there is no need to expand on their deterrent effects.

The effectiveness of these punishment mechanisms depends on the concentration of media ownership. As we will document in Part II, six families and three asset managers control the vast majority of Western media. There is no "alternative" outlet—blacklisted journalists cannot find work elsewhere because elsewhere is owned by the same capital. This is the structural reality that makes the punishment mechanism so effective. The journalist who deviates has no place to go. They must conform, or they must leave the profession.

These punishments in different forms and degree bring about voluntary "self-censorship" for any alternative media and individuals.

The self-censorship mechanism of information organs, despite some differences, shares common characteristics in all capitalist countries. This, in addition to laws restricting the right to publish and the right to access information, is the most common "survival" mechanism for alternative media and journalists. This self-censorship manifests itself in the hypocrisy of adopting a "politically correct" and "balanced" approach in news and commentary.

"Politically correct" has been redefined by the right as a critique of left-wing cultural norms. But in practice, it functions as a system of enforced conformity within journalism—a set of boundaries that journalists must not cross. The journalist who deviates from these boundaries is labeled "biased" or "extreme" and faces punishment.

"Balanced" is presented as a virtue—the journalist who presents "both sides" of an issue. But "balance" is a mechanism of false equivalence. It allows the journalist to present the interests of capital and the interests of labor as if they were equally valid. It avoids the truth—that class interests are not equal, and that capital exploits labor.

The adoption of these approaches is not a matter of ethics—it is a matter of survival. It is the safest way to remain within the confines of "capitalist professional journalism."

Conclusion of Part I: The Liberal Myth Exposed

We have now completed our examination of the liberal myth of the "free press." What we have found is a structural reality that contradicts every claim of bourgeois ideology:

  1. The "freedom of the press" was historically progressive against feudalism but underwent a dialectical reversal once the bourgeoisie consolidated power. It became the freedom of capital to publish—not the freedom of labor to be heard.
  2. The myth of objectivity is not a description of practice. It is a marketing strategy, a method of manipulation that employs suggestion, emotional manipulation, and the selection of facts to shape public consciousness in the interests of capital.
  3. The theory of social responsibility is an admission of crisis. It acknowledges that the press has failed in its social responsibility—but it proposes reform within the existing structure, leaving the ownership of the press by capital untouched.
  4. The professional standards of journalism are mechanisms of enforced conformity. Through gatekeeper editors, punishment mechanisms (firing, blacklisting, legal action), and self-censorship, journalists are trained and disciplined to serve the interests of their employers—the class that owns the means of mental production.

The liberal myth of the "free press" is, in reality, a system of class rule. The press is not independent—it is integrated with the state and capital. It is not objective—it is structurally biased in favor of the ruling class. It is not free—it is constrained by the profit imperative, the ownership structure, and the threat of punishment.

Having demolished the myth, we now turn to the structural reality that replaces it.

The Structural Subordination of Western Media to Finance Capital- Part II

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