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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. FROM SOCIAL CAPITALISM TO NEW CAPITALISM Richard Sennett Robert Putnam.

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The Culture of New Capitalism

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  1. The Culture of New Capitalism • Richard Sennett

  2. The old capitalism • Companies are owned by families (cf. Chandler)

  3. The old capitalism

  4. The old capitalism

  5. The old capitalism

  6. The old capitalism

  7. CONSEQUENCES • FROM SOCIAL CAPITALISM TO NEW CAPITALISM • Richard Sennett • Robert Putnam

  8. CHARACTERISTICS • FLEXIBILITY (IN STEAD OF PREDICTABLE) • POTENTIAL SKILLS (IN STEAD OF A PREDICTABLE LIFE) • PROVE YOURSELF CONSTANTLY (WITHOUT GARANTUEE)

  9. CONSEQUENCES • DECREASE RELIABILITY • DECREASE RESPONSIBILITY • DECREASE WORKING ETHOS • CONSUMPTION SOCIETY

  10. CONSEQUENCES FOR COMPANIES • NEED FOR DECENTRALIZED INFORMATION • DISAPPEARANCE OF MIDDLE MANAGEMENT • FLEXIBILITY: THE CASINO ECONOMY • THE SHAMROCK ORGANISATION

  11. The new capitalism • Computers and networks • Computing power exceeds human capabilities in complexity and speed • Financial actions available for everybody

  12. The new capitalism • Profit on stocks in stead of dividend • Dynamic companies are popular with investers • Dynamic personnel

  13. The new capitalism • Social: • No love for the company • Decreasing informal trust • Weakening of institutional knowledge: when does one make an exception to the rules

  14. The new capitalism old do ...

  15. EMAIL The new capitalism do ...

  16. Is New Left happy? • Disappearance of social capital (Bowling alone)

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