Paradoxes of Prosperity: Why the New Capitalism Benefits All

About this book

Diane Coyle brings us a book about why the New Economy with its prospect of improved productivity, faster growth, greater riches and full employment is causing an anti-globalization and anti-capitalism revolution. Political consequences of a new technological framework will undermine certain power elites just as the Industrial Revolution undermined the landed aristocracy. Furthermore, and paradoxically, it was the 1990s boom and affluence that led to peopleÂ's anxiety and insecurity and propelled them to protest. For the first time in nearly 40 years, young people were taking to the streets in mass anti-globalization riots. Local people were stopping projects led by multinationals.