The culture of the new capitalism

Bibliographic Information

The culture of the new capitalism

Richard Sennett

(The Castle lectures in ethics, politics, and economics)

Yale University Press, c2006

  • : pbk

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Note

"This book was given as the Castle Lectures in Ethics, Politics, and Economics, delivered by Richard Sennett at Yale University in 2004"

Includes bibliographical references and index

Description and Table of Contents

Volume

ISBN 9780300107821

Description

The distinguished sociologist Richard Sennett here surveys major differences between earlier forms of industrial capitalism and the more global, more febrile, ever more mutable version of capitalism that is taking its place. He shows how these changes affect everyday life - how the work ethic is changing; how new beliefs about merit and talent displace old values of craftsmanship and achievement; how what Sennett calls "the spectre of uselessness' haunts professionals as well as manual workers; how the boundary between consumption and politics is dissolving. In recent years, reformers of both private and public institutions have preached that flexible, global corporations provide a model of freedom for individuals, unlike the experience of fixed and static bureaucracies Max Weber once called an "iron cage". Sennett argues that, in banishing old ills, the new-economy model has instead created new social and emotional traumas. Only a certain kind of human being can prosper in unstable, fragmentary institutions: the culture of the new capitalism demands an ideal self oriented to the short-term, focused on potential ability rather than accomplishment, willing to discount or abandon past experience. In a concluding section, Sennett examines a more durable form of self-hood, and what practical initiatives could counter the pernicious effects of 'reform'.
Volume

: pbk ISBN 9780300119923

Description

A provocative and disturbing look at the ways new economic facts are shaping our personal and social values. The distinguished sociologist Richard Sennett surveys major differences between earlier forms of industrial capitalism and the more global, more febrile, ever more mutable version of capitalism that is taking its place. He shows how these changes affect everyday life-how the work ethic is changing; how new beliefs about merit and talent displace old values of craftsmanship and achievement; how what Sennett calls the "specter of uselessness" haunts professionals as well as manual workers; how the boundary between consumption and politics is dissolving. Reformers of both private and public institutions have preached that flexible, global corporations provide a model of freedom for individuals, unlike the experience of fixed and static bureaucracies that Max Weber once called an "iron cage." Sennett argues that, in banishing old ills, the new-economy model has created new social and emotional traumas. Only a certain kind of human being can prosper in unstable, fragmentary institutions: the culture of the new capitalism demands an ideal self oriented to the short term, focused on potential ability rather than accomplishment, willing to discount or abandon past experience. Sennett examines a more durable form of selfhood, and what practical initiatives could counter the pernicious effects of "reform."

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