Transcript The Culture of New Capitalism

The Culture of New
Capitalism
Richard Sennett
The old capitalism
Companies are owned by families (cf. Chandler)
The old capitalism
The old capitalism
The old capitalism
The old capitalism
CONSEQUENCES
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FROM SOCIAL CAPITALISM TO NEW CAPITALISM
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Richard Sennett
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Robert Putnam
CHARACTERISTICS
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FLEXIBILITY (IN STEAD OF PREDICTABLE)
POTENTIAL SKILLS (IN STEAD OF A
PREDICTABLE LIFE)
PROVE YOURSELF CONSTANTLY (WITHOUT
GARANTUEE)
CONSEQUENCES
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DECREASE RELIABILITY
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DECREASE RESPONSIBILITY
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DECREASE WORKING ETHOS
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CONSUMPTION SOCIETY
CONSEQUENCES FOR
COMPANIES
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NEED FOR DECENTRALIZED INFORMATION
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DISAPPEARANCE OF MIDDLE MANAGEMENT
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FLEXIBILITY: THE CASINO ECONOMY
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THE SHAMROCK ORGANISATION
The new capitalism
Computers and networks
Computing power exceeds human capabilities in
complexity and speed
Financial actions available for everybody
The new capitalism
Profit on stocks in stead of dividend
Dynamic companies are popular with investers
Dynamic personnel
The new capitalism
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Social:
No love for the company
Decreasing informal trust
Weakening of institutional knowledge: when does
one make an exception to the rules
The new capitalism
do ...
The new capitalism
do ...
Is New Left happy?
Disappearance of social capital (Bowling alone)