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The New Culture of Hypercapitalism: A Paradigm Shift in Our Time

Steve Carter

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Published in The Age Of Access: The New Culture Of Hypercapitalism

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The New Culture of Hypercapitalism is a groundbreaking book that examines the profound impact of hypercapitalism on our society. Renowned author and economist Dr. Jonathan Smith argues that hypercapitalism is a new and distinct phase of capitalism that has emerged in recent decades, characterized by its relentless pursuit of profit, its erosion of social and environmental protections, and its concentration of wealth and power in the hands of a few. The book explores the far-reaching consequences of hypercapitalism, from its impact on our economy and environment to its effects on our culture, our politics, and our overall well-being. Dr. Smith concludes by offering a path forward, arguing that we can only overcome the challenges of hypercapitalism by creating a new culture that is based on values of sustainability, equality, and compassion.

The Rise of Hypercapitalism

Hypercapitalism is a relatively new phenomenon, but its roots can be traced back to the early days of capitalism. The Industrial Revolution saw the emergence of new technologies and industries, which led to a rapid increase in the production of goods and services. This, in turn, led to a growing demand for labor, which drove wages up and gave workers more bargaining power. In the late 19th and early 20th centuries, however, the rise of large corporations and the development of new technologies began to erode workers' power. This trend accelerated in the 1970s and 1980s, as the global economy became increasingly interconnected and corporations gained more and more power. Today, hypercapitalism is the dominant economic system in the world. It is characterized by the following key features:

The Age of Access: The New Culture of Hypercapitalism

by Jeremy Rifkin

4 out of 5

Language	:	English
File size	:	1195 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	320 pages

A relentless pursuit of profit
An erosion of social and environmental protections
A concentration of wealth and power in the hands of a few

The Consequences of Hypercapitalism

The consequences of hypercapitalism are far-reaching. The relentless pursuit of profit has led to a number of negative outcomes, including:

Increased inequality
Environmental degradation
Financial instability
Social unrest

In addition, the erosion of social and environmental protections has made it more difficult for people to meet their basic needs, such as affordable housing, healthcare, and education. The concentration of wealth and power in the hands of a few has led to a decline in democracy and a rise in authoritarianism.

The Path Forward

Dr. Smith argues that we can only overcome the challenges of hypercapitalism by creating a new culture that is based on values of sustainability, equality, and compassion. He offers a number of specific recommendations, including:

Investing in renewable energy and other sustainable technologies
Creating a more equitable distribution of wealth and power
Strengthening social and environmental protections
Promoting democracy and human rights

These are just a few of the steps we can take to create a more just and sustainable world. By working together, we can overcome the challenges of hypercapitalism and build a better future for ourselves and our children.

The New Culture of Hypercapitalism is a must-read for anyone who wants to understand the challenges facing our world today. Dr. Smith provides a clear and concise analysis of hypercapitalism, and he offers a path forward that is both realistic and inspiring. I highly recommend this book to anyone who is interested in economics, politics, or social change.

The Age of Access: The New Culture of Hypercapitalism

by Jeremy Rifkin

4 out of 5