New Capitalism II: Compositional vs income inequality

Le nouveau capitalisme (2/3) : inégalités compositionnelles versus inégalités de revenu

Traduction de "New capitalism II: Compositional vs income inequality. Are all class-based societies unequal?" de Branko Milanovic

Is Inequality Inevitable?

Wealth naturally trickles up in free-market economies, model suggests

A 26-year-old MIT graduate is turning heads over his theory that income inequality is actually…

Wealthy tech founders and the automation of middle-class jobs are often blamed for increasingly concentrations of wealth in the 1%. But, a…

The Invention of Capitalism: How a Self-Sufficient Peasantry was Whipped Into Industrial Wage Slaves | Yasha Levine

“…everyone but an idiot knows that the lower classes must be kept poor, or they will never be industrious.” —Arthur Young; 1771

Why did capitalism begin in the West?

Culture, class, and the origins of capitalist development

The Divide — Jason Hickel

The Divide: A Brief Guide to Global Inequality and its Solutions Penguin Random House UK, 2017

The Myth of Class Reductionism

The fight for racial and gender justice has always been about economic inequality, too.

(PDF) The Precariat and Class Struggle *

PDF | The world economy is in the midst of a Global Transformation that is producing a new global class structure. A new class is emerging – the... | Find, read and cite all the research you need on ResearchGate

The American Black Bourgeoisie, a story

*The American Black Bourgeoisie is affirmed on this date in 1619. They are America’s Black upper class based on financial income. The Black Bourgeoisie comprises engineers, lawyers, accountants, doctors, politicians, business executives, venture capitalists, CEOs, celebrities, entertainers, entrepreneurs, and heirs with annual incomes of $200,000 or more.  This social class sometimes referred to as the […]

Le nouveau capitalisme (1/3)

Traduction de "New capitalism in America. Richest capitalists and richest workers are increasingly the same people" de Branko Milanovic

Cognitive Capitalism - Public Seminar

There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More

Capitalism

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages, and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies may experience business cycles of economic expansion followed by recessions.

A new middle-class fraction with a distinct subjectivity: Tech workers and the transformation of the entrepreneurial self

With the rise of digital capitalism, a novel occupational segment has emerged: so-called ‘tech workers’. Members of this grouping render and encode the digital technologies that permeate contemporary social life. While there are many studies about highly precarious digital labourers, research on these digital professionals remains scarce. Based on 40 original interviews, the article explores the subjectivity of tech workers. Specifically, it asks whether understandings of middle-class employees as entrepreneurial selves with a holistic market orientation hold true for this grouping, or whether new cultures of subjectivation are emerging. The key finding from these interviews is that tech workers show contours of a post-neoliberal subjectivity. While the figure of the entrepreneurial self remains an alluring force, this study detected four transformative cultures of subjectivation: (1) a return of the critique of economic inequality; (2) a concern for diversity; (3) an ethic of mindfulness; and (4) a lifestyle that signals ordinariness. These distinct forms of subjectivity point to the formation of a new middle-class fraction. However, drawing on the sociology of critique, this article also considers how this transformation of subjectivity can be appropriated as yet another new spirit of capitalism.

A quote from 1984

In the long run, a hierarchical society was only possible on a basis of poverty and ignorance.