By Manuel Hinds
Hinds takes bargains a clean viewpoint at the social, political, and fiscal disturbances now affecting our global. This booklet seems at these disturbances no longer as separate difficulties, yet fairly because the coherent indicators of a deep technological revolution that's altering the form of society at the scale of the economic Revolution: the Connectivity Revolution, the root of the hot economic system. interpreting the resistance to alter that erupted violently based on that final significant financial upheaval, Hinds exhibits how Communism, Nazism, and fundamentalism owe their triumphs to not the superiority of poverty or oppression yet to the tension of societies threatened via profound social alterations brought on through speedy technological growth. Demonstrating that their stress was once as a result of a similar form of kingdom intervention within the economic system that's now being proposed to prevent globalization, he argues persuasively that just a horizontal, versatile society can easily deal with swap in the sort of approach that the discomfort of transformation—and as a result, the chance of giving beginning to new types of damaging regimes—is minimized.
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Additional resources for The Triumph of the Flexible Society: The Connectivity Revolution and Resistance to Change
First, the increased efﬁciency in design and production methods and the invention of new synthetic materials are reducing the volume of traditional raw materials used in the production of other goods. Second, price competition in commodities is increasing because, having little knowledge embedded, they can be produced in any place with very low salaries. The Economic Disruptions 27 The declining prices of commodities are negatively affecting the incomes of countries dependent on their production, which tends to increase the gap between rich and poor countries in a spectacular way.
The aggregate impact of these two alternative ways of adjustment is equivalent. At the individual level, however, unemployment is quite inequitable, for some workers keep their jobs at relatively high wages while others are left without any wage at all. 28 The Triumph of the Flexible Society This process is already under way. In the United States, one of the most ﬂexible labor markets, the real wage (by real it means the wage after deducting inﬂation) declined from their 1978 peak throughout the 1980s and then ﬂattened during most of the 1990s.
See Michael Porter, The Competitive Advantage of Nations (New York: Simon & Schuster, 1989), 80. 9. W. Norton & Company, 1998), 22. 10. See “American Productivity, the New ‘New Economy,’ ” The Economist, 11 September 2003; Robert J. D. Conference, 29 January 2003, De Niewe Academie, Groningen. nl. CHAPTER 2 The Economic Disruptions The picture that emerges from projecting into the future the trends of the Connectivity Revolution is quite exciting in the long run. The advance of science has created an enormous basis for innovations to appear, both in the form of new goods and services, and in new ways of producing the existing ones.
The Triumph of the Flexible Society: The Connectivity Revolution and Resistance to Change by Manuel Hinds