The culture of the new capitalism is a 2006 book on the economic situation of the time by richard sennett in which the author covers politics economics sociology and psychology analysis. Summarizing these points he says the culture of the new capitalism is attuned to singular events one off transactions interventions to progress a polity needs to draw on sustained relationships and accumulate experience in short the unprogressive drift of the new culture lies in its shaping of time pg 178. The culture of new capitalism new haven us yale university press 2006 the consequences of contemporary capitalism are double faced on one hand the unprecedented economic growth all over the world is undeniable but on the other hand this growth has not been responded by economic equality and social stability. 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. Proponents of this shifting unstructured kind of capitalism say it is liberating however sennett contends that in fact it makes employees more insecure and less free and devalues their knowledge and usefulness he accurately concisely captures the essential features of the new capitalist enterprise
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