The Culture of the New Capitalism

“Only a certain kind of human being can prosper in unstable, fragmentary institutions. The culture of the new capitalism demands an ideal self oriented to the short-term, focused on potential ability rather than accomplishment, willing to discount or abandon past experience.”

Richard Sennett has a newish book out called The Culture of the New Capitalism. I heard him interviewed about it on a BBC podcast, and there’s only one copy left at Amazon’s UK store, but he’s less admired here in his own country, as far as I can tell. Sennett is concerned about the people who don’t fit the needs of this economy. They’re not the stars the talent spotters want, or they are too old, or too needed by dependents to hold a Blackberry tether with grace. Or maybe they’re the kind of people who find that shifting loyalties make them anxious and sad.

I had just enough of a taste of the old work culture of pantyhose, punchclocks, and marble lobbies to be grateful to be born into this new work style exported from the Bay Area. By Sennett’s standards, I was designed for this economy. I have more curiosity than ties. I’m childless. I’ve moved like a stone skipping across a pond: 120 miles, 500 miles, 3,000 miles, 6,000 miles from my hometown, touching down only lightly in each place. In Hernstein and Murray’s creepy Bell Curve analysis of intelligence structures, I’m a “symbol analyst.” A “master of change.” That makes me a good catch.

“When we hired you, we weren’t interested in your experience. We were only interested in how fast you could learn,” I was once told. At 24, that’s flattering. It’s also a relief–thank God, it doesn’t matter that I know feck-all. I’m a little bundle of potential. But at 34, it’s disconcerting to have a dozen years of your life dismissed. I could have stayed in bed rather than bothering to get trained on Wall Street? I didn’t need to sweat through those startups to learn why entrepreneurs have more in common with artists than with MBAs, and what it really takes to turn an idea into a change? I needn’t have bothered with volunteering, with learning to write, with riding the public buses around Bolivia?

For all that this amoral economy suits me well, I’m making a promise to my future self that if I hear at 54 that my experience is uninteresting to capitalism–and I expect to–I’ll stand up, excuse myself with a big smile, and go back to the woods for good. We’re human beings. Our stories matter. Grown-ups have more to contribute than babies. And where we have been and who we take care of matters more to me than symbols, models, and theories.

4 thoughts on “The Culture of the New Capitalism”

  1. Amen to that. Good to see you still blogging, thoughtful, erudite and sharp as ever. Mind you, it’s I who dropped off the radar, so I guess I shouldn’t be surprised that you’re still writing.

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  2. Dearbh…it might also be time for you to start teaching. Dunno what that would look like, but I have experienced a similar shift to what you are talking about, and I have moved into teaching, which has opened up a whole other bit of my life.

    So I wonder, how might you alos offer yourself as a teacher?

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