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After the New Economy: The Binge and the Hangover That Won

After the New Economy: The Binge and the Hangover That Won't Go Away

Автор: Doug Henwood, 306 стр., ISBN: 1565849833

Journalist Doug Henwood's withering postmortem of the New Economy. Rarely a day went by in the dizzy 1990s without some well-paid pundit heralding the triumphant arrival of a "New Economy." According to these financial mavens, an unprecedented technological and organizational revolution had extinguished the threat of recession forever. Though much of the rhetoric sounds ridiculous today, few analysts have explored how the New Economy moment emerged from deep within America's economic and ideological machinery?instead, they've preferred to treat it as an episode of mass delusion. Now, with customary irreverence and acuity, journalist Doug Henwood dissects the New Economy, arguing that the delirious optimism was actually a manic set of variations on ancient themes, all promoted from the highest of places. Claims of New Eras have plenty of historical precedents; in this latest act, our modern mythmakers held that technology would overturn hierarchies, democratizing...
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