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New Capitalism and the Bubble Economy |
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From The RSA
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Kevin Doogan is Jean Monnet Professor of European Policy Studies at the University of Bristol and author of New Capitalism? The Transformation of Work (Polity 2009).
(May 14, 2009 at the RSA)
In the midst of the current crisis it is difficult to remember that up until quite recently people waxed lyrical about the wonders of the new economy. This was a new capitalism in which globalisation, technological change, deregulation and market liberalisation drove the world economy onwards and upwards. A distinct set of ideas had been developed to capture this new economy, in which nebulous concepts such as 'knowledge', 'networks',' informationalism', and 'innovation' were used to depict a world of flows of communication and flows of capital; all motion and no matter.
Renowned sociologist Kevin Doogan roots these developments in the rise of neoliberalism, and identifies three features of neoliberalism that help explain, not only the fragility of the bubble economy, but also reveal the nature of wealth accumulation in this period - deregulation, financialisation and changes in corporate governance.
Kevin Doogan visits the RSA to show how these developments must be factored into the radical policy rethink that is currently underway. Doogan will argue that if we are to restore rationality to the management of the economy, nothing short of a full-scale policy reversal will suffice.
Chair: Laurie Taylor, broadcaster and sociologist
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