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The culture of the new Capitalism

July 20 2006

by Nick Jones
The culture of the new Capitalism
Richard Sennett
Culture of the new capitalism

In the 1990s IBM was transformed from a rigid, many-layered bureaucracy to a flexible, network-based group. The growth of short-term capital markets, together with the IT revolution, have made this form of organisation all the more common. New institutions bring a new culture for people who work in them: but sociologist Richard Sennett thinks we are in danger of accepting the wrong norms and ideals. The 'new economy' firms are sowing a culture from which only a few benefit: young, technically skilled managers who thrive on risk without suffering from its flip side: insecurity. A challenging perspective on corporate values.

Published by Yale University Press
214pp, hardback, £14.99
ISBN 0-300-10782-X
www.yalebooks.com

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