Automation, Capitalism and the End of the Middle Class (Hardcover)

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.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Focus on Economics and Finance
Release date:	April 2019
First published:	2019
Authors:	Jon-Arild Johannessen
Dimensions:	234 x 156 x 11mm (L x W x T)
Format:	Hardcover
Pages:	70
ISBN-13:	978-0-367-25724-8
Categories:	Books > Science & Mathematics > Science: general issues > Impact of science & technology on society Books > Business & Economics > Economics > Labour economics > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Books > Social sciences > Sociology, social studies > Social groups & communities > Social classes > General
LSN:	0-367-25724-6
Barcode:	9780367257248

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