Politicizing the Economy: How the Theory of Capital as Power Can Rethink the Media coverage of the Bank of Canada
According to the capital as power theory, the Bank of Canada is not independent, but a political institution that is largely part of financial capitalism mode of power. The Quebec business and finance journalists interviewed in this study, however, cover the central bank as a more independent institution than politicians and consider its communication as science. This situation is reinforced by the omnipresence of neoclassical economists in the public space, by the lack of availability of academic critical sources, but also by the constraints of productivity. Therefore, business journalists reinforce the hegemony of neoclassical discourse in the public space, and thus legitimize the institutional order of financial capitalism.