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                  The Mythology about Globalization                                     25

                  systems and markets. In the information industries, for example, Reuters
                  Holdings plc is paradigmatic of global empire building on the back of new tech-
                  nologies and services. Between the 1960s and 1980s, the organization metamor-
                  phosed from being a respectably low-key, non-profit-making international news
                  agency to high-profile market leadership. In 1990, the ‘world’s foremost electronic
                  publisher’ recorded revenues of £1396 million and profits of £287.9 million. 2
                  Similarly, in the entertainment field, Hollywood’s film and television producers
                  have been global traders almost from their inception. 3
                    These data also indicate an exploding world audience for television news,
                  spurred in part by the spread of a genre here called ‘television verité: that is, the
                  live, raw video eye as recorder of instant history and shared video experiences
                  of ‘live’ television news – protests in China, revolution in Eastern Europe, war in
                  the Middle East. All serve to reinforce political, popular and scholarly percep-
                  tions of globalization as social and media-defined reality. [...]



                  The Problem of Evaluation

                  Notwithstanding the repertoire of meanings and material indicators noted
                  above, there is a significant aspect of globalization that goes relatively unre-
                  marked: its rhetoric is as much concerned about what  should be  as what  is.
                  Globalization conflates the normative and descriptive, and consequently carries
                  ideological as well as temporal, spatial, historical and geopolitical implications.
                    Thus, if powerful nation states and corporate interests promote globalization
                  as a self-fulfilling prophecy for political or profit ends, it is incumbent on us to
                  examine not only what is being hawked by whom, but who stands to lose or gain
                  materially, politically, culturally or militarily.
                    As a conceptual notion, then, ‘globalization’ offers mixed messages. It sounds
                  like a relatively value-neutral descriptor of a supranational universe of media
                  interconnectivity and material and symbolic goods exchange. But on closer
                  examination it reveals extensive causal assumptions, normative intentions and
                  value judgements.
                    What is important here are the overtones of historical inevitability embedded
                  in inferences of globalization as a unidirectional process or a fait accompli. Such
                  rhetoric, far from being value-free, implies reification and carries ideological
                  baggage whereby globalization becomes the new dynamic, the motor of world
                  change. What this suggests, and what this article argues, is that this concept has
                  taken on a life of its own: as a sine qua non for our age, its status may be moving
                  from that of mythology to ideology.




                  Globalization as Mythology

                  Myth, in the context of globalization, is not used here in the sense of an untruth,
                  but rather as a way of classifying certain assumptions about the modern world
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