Automation, capitalism and the end of the middle class /
General Material Designation
[Book]
First Statement of Responsibility
Jon-Arild Johannessen.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Abingdon, Oxon :
Name of Publisher, Distributor, etc.
Routledge,
Date of Publication, Distribution, etc.
2019.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource
SERIES
Series Title
Routledge focus on economics and finance
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and index.
SUMMARY OR ABSTRACT
Text of Note
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.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
Taylor & Francis
Stock Number
9780429289415
OTHER EDITION IN ANOTHER MEDIUM
Title
Automation, capitalism and the end of the middle class.
International Standard Book Number
9780367257248
TOPICAL NAME USED AS SUBJECT
Automation-- Social aspects.
Capitalism.
Economic history.
Middle class-- History.
Automation-- Social aspects.
BUSINESS & ECONOMICS-- Economic Conditions.
BUSINESS & ECONOMICS-- General.
BUSINESS & ECONOMICS-- Industries-- Computer Industry.