By Doug Henwood
Filenote: PDF is searchable photograph ocr, 296 pages with front/back conceal and inside of flaps
Publish yr note: First released October 1st 2003
Journalist Doug Henwood's withering postmortem of the hot Economy.
Rarely an afternoon glided by within the dizzy Nineteen Nineties with out a few well-paid pundit heralding the victorious arrival of a "New Economy." based on those monetary experts, an extraordinary technological and organizational revolution had extinguished the specter of recession without end. although a lot of the rhetoric sounds ridiculous at the present time, few analysts have explored how the hot financial system second emerged from deep inside of America's fiscal and ideological machinery—instead, they've most well liked to regard it as an episode of mass delusion.
Now, with wide-spread irreverence and acuity, journalist Doug Henwood dissects the hot economic system, arguing that the delirious optimism used to be truly a manic set of adaptations on historical topics, all promoted from the top of locations. Claims of recent Eras have lots of ancient precedents; during this newest act, our smooth mythmakers held that know-how might overturn hierarchies, democratizing info and finance and best inexorably to a digital social revolution. yet, as Henwood vividly demonstrates, the distance among wealthy and terrible hasn't ever been so broad, wealth by no means so targeted. After the hot economic climate bargains an obtainable and enjoyable account of the less-than-lustrous fact underneath the gloss of the Nineteen Nineties boom.
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Additional info for After the New Economy: The Binge and the Hangover That Won't Go Away
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From high theory plausibihty, to to intuitive low journaHsm. Theoryheads Perhaps status wrong it's quo as to be annoyed that such pampered products of the Greenspan, Kelly, Lev, Gilder, and Sinai should utter so more nonsense. What's surprising —and depressing — is to read putatively sophisticated cultural and poUtical theorists seconding them. Pick book or essay read what is by post-Marxoid theorist Hke Manuel a essentially Gilder and Greenspan New Left By this Review like this passage economic I from cheerlead- from an political military retrieve, store, process economic accumulation and poUtical power throughout history, the current technological, social, and cultural parameters that they forces....