The Culture of the New Capitalism Paperback
Edited by Richard Sennett
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. 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 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."
- Format: Paperback
- Pages: 224 pages
- Publisher: Yale University Press
- Publication Date: 15/01/2007
- Category: Regional studies
- ISBN: 9780300119923
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Review by lukeasrodgers
Sennett, author with Jonathan Cobb of the well-known book The Hidden Injuries of Class, here presents a exposition of the culture of post-Fordist capitalism that will be enjoyable and edifying for both lay readers and those familiar with other literature on capitalism and modern society. The book is based on lectures delivered at Yale, and so has a casual tone, drawing occasionally on anecdotes from Sennett's life and frequently on both books he has written and ethnographic research. The book examines the changes in personality and institutions (both public and private) that have occurred in relation to capitalism, with a focus on the 20th century, and situates these changes in relation to democratic politics and the future of society.