000			02553nam a2200217Ia 4500
999			_c77033 _d77033
005			20220425223913.0
008			200204s9999 xx 000 0 und d
020			_a9788125030669
082			_a330.122 SEN
100			_a"Sennett, Richard"
245		0	_aCulture of the new capitalism
260			_aHyderabad
260			_bOrient longman
260			_c2007
300			_a214p.
365			_b 345.00
365			_dRS
520			_aBased on the author's Castle Lectures at Yale, the book is a sociological study of the influence of the New Economy on human relationships. Sennett describes the transformations that have taken place in postmodern capitalism as corporations have become more diffuse, unstable, and decentered. Contrasted with the 'iron cage' bureaucracy described by Weber – those pyramid-like corporate structures in which individuals knew their place and planned their futures – modern corporations provide no long-term stability, benefits, social capital, or interpersonal trust. Sennett first looks at bureaucracy in early capitalism. Most businesses were short lived and unstable. However, in the latter half of the 19th century, business was modelled on predictable military lines where all roles were defined and career progression could be mapped out. This new model aimed at social inclusion, that is, most would work at the base of the social pyramid, hopefully progressing to the tip. Modern capitalism looks at this model with disdain – too many superfluous people are employed to remain competitive and people should constantly adapt and prove themselves to be assets. Therefore, in large modern businesses, the majority of workers face uncertainty and find it difficult to conceive of a life narrative. Due to mechanization and the need for upskilling, managers as well as their subordinates face the possibility of obsolescence. Concepts such as craftmanship and getting the job right are seen as wasteful and somewhat obsessive. Capitalism's need for potential is increasingly reflected in the education system. SATs favour superficial and adaptive reasoning rather than deeper introspection on the meaning of things. Finally, comparisons are made between branding and politics. Products such as cars are physically very similar, but branding creates differences on minor issues revolving around appearance and emotion. Sennett views this same 'goldplating' process as having a largely negative influence on modern politics where presentation is key.
650			_aCapitalism
942			_cB _2ddc