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AbstractThis article aims to contribute to the renewal of consideration of media and culture under capitalism, by seeking solid normative foundations for critique via various compatible elements: moral economy, well-being understood as flourishing, Sen and Nussbaum s capabilities approach, and the value of culture. Insufficient attention has been paid to normative and conceptual issues concerning capitalism, media and culture.Moral economy approaches might help fill this gap by valuably providing a richly critical ethics-based approach to economy and society, compatible with the best political economy. Two further concepts, compatible with moral economy, can reinvigorate and renew critique of capitalism, media and culture. The first is a particular (Aristotelian) conception of well-being, understood as flourishing. This is outlined, and its potential contribution to critique of media and culture under capitalism is explicated. The second is capabilities, which can provide a basis for dealing with different understandings of flourishing. The article outlines the capabilities approach, analyses rare applications of it to media and culture, and explains how these applications might be built upon, by developing Nussbaum s work in a way that could ground critique in an understanding of the potential value of media and culture in contributing to people s flourishing Keywords: capitalism and media, moral economy, capabilities, well-being, flourishing, value of culture, ethical turn, Nussbaum
ArticleNot so long ago, capitalism was a concept largely ignored in public discourse and social science, other than by Marxists. Things have changed since the turn of the century.Faced with the prospect of devastating climate change, growing inequality and the 2 devotion of vast resources to goods and services that do not seem to answer to meaningful human needs, capitalism itself has come under scrutiny. Academics, journalists, and even the Pope have weighed in. Some accounts have achieved a remarkable degree of attention, acclaim and sales (such as Piketty, 2014). As a result, debates about capitalism are perhaps now more diverse, contested and confusing than ever. The plethora of commentary seems not to have significantly restrained the pursuit of unbridled capitalism. But there is now widespread acceptance that capitalism is a meaningful way to describe a vital systemic aspect of the world in which we live, and a growing appreciation that a fuller critical understanding of this mysterious entity might be helpful for humanity.It is not clear however that there has been a similar growth in attention to capitalism in recent debates about culture and about the communication media. This is in spite of the fact that developments in these realms seem to confirm a sense of capitalism s onward march, and in some respects are at the core of recent changes in capitalism. In particular, the rise of the...