Cultural Artifact

The economist is a world leading news magazine, and in recent years, it made a study that found “Developing economies account for 43% of global GDP but 65% of crony wealth.” (economist) ‘Crony capitalism’ is when businesses and policymakers have a mutual relationship, that allows each other to have a beneficial gain, for example, a policymaker might get compensated financially from the reciprocal business and equally the policymaker will do favor that might reduce certain regulations or give an extended time on a patent, which can lead to little to no competition in a particular industry. The research went further and made a claim, stating that the modern day might be going to the “gilded age in the late 19th century.” (economist) In this paper, you will be able to see the how the economy was able to produce this article and attract the audience that it does. Simply, from utilizing its medium in order to get its viewers to think about the article, …show more content…
The way that the economist uses its online tool to promotes its cultural artifact. Explains why it is imperative, for a news magazine like the economist to utilize its tool effectively, in order to retain more of its readers. In addition, the product is widely accessible online by simply going to the economist website. There you’ll be able to find news on a wide range of topics other than money.

Furthermore, the consumption effects on the users. What does a reader think about the artifact that the economist wrote on crony capitalism? The effects appear to be implicit, more so than obvious. However, the article was able to have the readers view crony capitalism as less of an issue in developed nations compare to the developmental state. Additionally, the reader might think of the article as insightful more so than anything. It was able to demonstrate a narrative of how crony capitalism can play a role in a nation and its impact of running a