Automation, Capitalism and the End of the Middle Class

Business & Finance, Economics, Economic Conditions, Industries & Professions, Industries
Cover of the book Automation, Capitalism and the End of the Middle Class by Jon-Arild Johannessen, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jon-Arild Johannessen ISBN: 9781000020663
Publisher: Taylor and Francis Publication: April 18, 2019
Imprint: Routledge Language: English
Author: Jon-Arild Johannessen
ISBN: 9781000020663
Publisher: Taylor and Francis
Publication: April 18, 2019
Imprint: Routledge
Language: English

In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise.

Johannessen outlines the three elements – Balkanization, the Great Illusion, and the plutocracy – which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class.

Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise.

Johannessen outlines the three elements – Balkanization, the Great Illusion, and the plutocracy – which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class.

Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.

More books from Taylor and Francis

Cover of the book Handbook of Landscape Archaeology by Jon-Arild Johannessen
Cover of the book Nationalism and Ethnicity in a Hindu Kingdom by Jon-Arild Johannessen
Cover of the book Handbook of Sociology and Human Rights by Jon-Arild Johannessen
Cover of the book Impacts of Incarceration on the African American Family by Jon-Arild Johannessen
Cover of the book Brain Based Enterprises by Jon-Arild Johannessen
Cover of the book Everyday Islam in Post-Soviet Central Asia by Jon-Arild Johannessen
Cover of the book China, the US and the Power-Transition Theory by Jon-Arild Johannessen
Cover of the book From Persons to People by Jon-Arild Johannessen
Cover of the book Representations of Death in Nineteenth-Century US Writing and Culture by Jon-Arild Johannessen
Cover of the book Environmental Skill by Jon-Arild Johannessen
Cover of the book E Nesbit by Jon-Arild Johannessen
Cover of the book Music, Time, and Its Other by Jon-Arild Johannessen
Cover of the book Nietzsche and the Philosophers by Jon-Arild Johannessen
Cover of the book Javid-Nama (RLE Iran B) by Jon-Arild Johannessen
Cover of the book Price Theory by Jon-Arild Johannessen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy