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Saturday
Aug022014

MAIN Street @MainandWall

Capitalism 4.1

  "THE WORLD DID NOT END; Despite all the forebodings of disaster in the 2007-09 financial crisis, the first decade of the twenty-first century passed rather uneventfully into the second. The riots, soup kitchens, and bankruptcies predicted by many of the world's most respected economists did not materialize - and no one any longer expects the global capitalist system to collapse, whatever that emotive word might mean.

    Yet the capitalist system's survival does not mean that the precrisis faith in the wisdom of financial markets and the efficiency of free enterprise will ever again be what it was before the bankruptcy of Lehman Brothers on September 15, 3008. 

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  Living in The ModularWorld...The Age of Liquid Modernity...

"We live in a dynamic economic and commercial world, surrounded by objects of remarkable complexity and power. In many industries, change in products and technologies have brought with them new kinds of firms and forms of organization. We are discovering new ways of structuring work, of bringing buyers and sellers together, and of creating and using market information. Although our fast-moving economy often seems to be outside our influence or control, human beings create the things that create the market forces. Devices, software programs, production processes, contracts, firms, and markets are all the fruit of purposeful action : they are designed."*

*Design Rules, The Power of Modularity

 

 

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