Fifteenth Global Studies Conference

Abstract

Communication has more and more become a commercial commodity and less about the open expression and exchange of ideas. Given that communication is central to human existence, this paper reviews what has transpired in the communication industry over the past three or four decades and how it affects vital aspects of life. We examine the changes and effects of this massive global industry. Next, we explore what business climate changes may mean for the market economy. Finally, we reflect on the overall changes in capitalism as we speculate whether it is still a necessary prerequisite for democracy. We have seen marked changes in society, governance, communication, and political norms over the past several decades. Earlier communication systems enabled broad participation in the civil sphere. Today’s communication systems have led to an institutional and political backlash as new forces emerge. This societal transition leads to undercutting recognized ideals and the potentiality and maintenance of democracy. Populism and authoritarian rule have further led to an erosion of fundamental rights and freedoms. Changes in the market economy may arguably no longer go hand in hand with the foundations of liberal democracy. Some argue that global capitalism even threatens the functioning of representative liberal democracy. The interconnective convergence of the new norms is our communication dilemma. Perhaps nowhere are the changes more evident than in the communication industry. Communication has evolved from an intimate process to a complex system of multinational players who seek to maximize profits in an ever-increasing web of business holdings.