Business Press Coverage of Politics and Policy Essay

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Business, politics, and media are three the most important spheres of our every day life. Business deals with provision various goods or service to customers, politics helps to make the necessary decisions in order to present safe life for people, and media is a collections of different tools, which aims at delivering information.

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Journalists complete one of the most significant and useful works for people: they provide people with chances to be aware and analyze any business or political issue in our world. Business study helps to analyze the actions of other organizations, but also pay attention to the used techniques in order to improve personal position. (Surowiecki 2009)

The triangulation of media, politics, and business explains any possible interactions between business and political bodies, their impact on the other spheres of life, and the consequences of such cooperation. With the help of several articles, we are going to illustrate the impact of lobbyist, business organizations and their development, and public events and their corporate support.

Our present is closely connected to our past. Without any doubts, the things, which happen nowadays, may easily find some similarities with those, which used to happen. For example, in his article, Morgan Meis presents one rather intriguing figure in both public and private scenes, Joseph Schumpeter.

He lost his family in a short period of time, and devoted the rest of his life to economy and business. Meis does not afraid to admit that “the 21 st century is Schumpeterian – volatile, wild, careening toward the abyss. The crazy old bastard would be enjoying the ride.” (Meis, 2009)

Schumpeter believed that capitalism might simultaneously create a new crisis and profit for the country. If we try to analyze the past of journalism, we should pay enough attention to another interesting figure, an award-wining writer and journalist, Walter Lippmann.

He tried to resolve somehow the tension between the ideas of liberty and democracy in this complex world. In order to achieve the desirable effectiveness of cooperation between journalism, politics, and business, it is better to reconstruct journalism itself for a new age “as urgently as in Lippmann’s time.” (Blumenthal 2007) Freedom in journalism plays the same role as the importance of academic freedoms. Education is the step, taking of which influences our future understanding of the world and its components. (Fish 1)

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Noah Feldman underlines that “every generation gets the Constitution that it deserves.” (Feldman, 1) Is it true that politics is fair to every person as a member of the same society? Media demonstrates how past considerably influence present and even future.

Obama’s policy may serve as a good example of how raising carbon prices influence the actions of the lobbyists and other members of Congress. The latter want not to change the old prices in order to support their personal interests. (Leonhardt, 4) It is necessary to mention that lots of lobbyists and government officials make their living from the existed system.

Special interests start playing rather an important role in every day life and politics. Laws are considered to be one of the most significant sources of power. Such laws touch upon the sphere of business, as they create certain measures to follow, the sphere of media, as media is always eager to speculate upon some innovations, which influence this life, and the sphere of politics, as this sphere is responsible for these laws’ passing or rejecting. (DeLong 2009)

This is why, nowadays, lots of lobbying firms are hired by other organizations in order to keep the same standards and do not lose their leading positions. (Krauss, Creswell, and Savage 2009)

Political news makes a considerable impact on business of many countries. In such way, after the Chinese government implements anti-monopoly law, “greater market concentration in several areas” and consolidation are encouraged. (The Economist) However, any measures taken in China promote its growth on the political and economical scene.

Without any doubts, the crisis creates more and more problems for the world and for such spheres as business and politics in particular. Even Einstein made several attempts to predict possible threats for the society. (Albert and Galchen 2009) These threats cause numerous structural problems in both America and Europe.

Of course, media introduces new ideas on how to solve these problems and improve living, and, as China “remains every bit the codependent partner of the United States”, these two countries are under hot consideration everywhere: online, in newspapers, on TV, etc. (Stross, 2009)

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“The global economic crisis will result in growing confrontations between China and the West.” (The Economist) This is why it is very difficult for China does not use its abilities in order to take the leading positions and not to hurt the other countries and their business. (Osnos 2009)

Another public event that certainly influence the relations between China and the world is prices’ raising on different goods. “The energy secretary, Steven Chu, said he favored tariffs on Chinese goods if China did not sign on to mandatory reductions in greenhouse gas emissions – underscoring how the “green economy” could be the next trade battleground.” Landler 2009)

The last issues under our consideration will be the importance of business organizations and the problems, any organization may face with nowadays. Chaos that is inherent to this world disturbs lots of companies and influence the activities of their members. Without any doubts, “chaos is always frightening.” (Harvard Business Publishing)

This is why many business organizations have to choose a certain type of edge and follow it. These new edges help business organization find out new ideas and the power to escape old problems and move on. Media techniques help the vast majority of politicians and businessmen be aware about the events, which may help or hinder the further development. (DePalma 2009)

One of such people, who is always ready to fight against the difficulties and invent new ways out is Shai Agassi. (Roth, 2008) His ideas to start putting electric cars on the roads deserve attention and deep analysis. The business plan offered by the Russian Irina Lunina is also worth attention. Her ideas and desire to unite business with media turned out to be rather effective. (Lunina 2009)

“Journalists see their job as reflecting the world as their reporting tells them it is, but many readers want reporters to look harder for good news to balance the bad.” (Hoyt 2009) Unfortunately, nowadays, our world faces a great number of bad news, so that it turns out to be rather difficult to find out the necessary balance and improve this life. Politics cannot but influence business development.

Business makes considerable impact on every day actions. And media, Google in particular, has nothing to do but describe the events and try to be honest to the readers. (Pollack 2009)

Works Cited

“.” The Economist. 2009. Web.

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“China Indicates the Real Targets of Its Anti-Monopoly Law: Outsiders.” The Economist. 2009. Web.

“How to Bring the Core to the Edge.” Harvard Business Publishing. 2009. Web.

Albert, David Z. and Galchen, Rivka. “.” Scientific American. 2009. Web.

Blumenthal, Sidney. “Journalism and Its Discontents.” Salon. 2007. Web.

DeLong, James, V. “The Coming of the Fourth American Republic.” The American. 2009. Web.

DePalma, Anthony. “.” The New York Times. 2009. Web.

Feldman, Noah. “.” The New York Times. 2008. Web.

Fish, Stanley. “” The New York Times. 2009. Web.

Florida, Richard. “.” The Atlantic. 2009. Web.

Krauss, Clifford, Creswell, Julie, and Savage, Charlie. “.” The New York Times. 2009. Web.

Landler, Mark. “.” The New York Times. 2009. Web.

Leonhardt, David. “.” The New York Times. 2009. Web.

Lunina, Irina. “”. The New York Times. 2009. Web.

Meis, Morgan. “.” The Smart Set. 2009. Web.

Osnos, Evan. “.” The New Yorker. 2009. Web.

Pollack, Andrew. “.” The New York Times. 2009. Web.

Roth, Daniel. . Wired Magazine. 2008. Web.

Stross, Randall. “.” The New York Times. 2009. Web

Surowiecki, James. “” The New Yorker. 2009. Web

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IvyPanda. 2020. "Business Press Coverage of Politics and Policy." May 12, 2020. https://ivypanda.com/essays/business-press-coverage-of-politics-and-policy/.

1. IvyPanda. "Business Press Coverage of Politics and Policy." May 12, 2020. https://ivypanda.com/essays/business-press-coverage-of-politics-and-policy/.


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