But even political economy of media has had little to say about the effects of finance and investment on this consolidated structure, resulting in an incomplete understanding of "how capitalism works." I would add to McChesney's concern a question: Is it even the correct mountain that we've made into a molehill? We need to give greater focus to control and structure in the media, yes, but also refocus on the true lever of power in contemporary capitalism: financial capital.

XREF: Connects to media political economy critique of McChesney, extending the structural analysis beyond ownership consolidation to financial investment flows.

Andrew deWaard, Derivative Media, loc. 31