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A Brief History of Creative Work and PlutonomyThe Millennial Precarity and the Herd of Precariat Workers

A Brief History of Creative Work and Plutonomy: The Millennial Precarity and the Herd of... [According to Marx, the class conflict of the preindustrial world was there between the feudal oligarchy and the serfs, but after the first industrial revolution, the class struggle was between the bourgeoisie and the proletariat. In the reindustrialized world, industry-2.0, too, the opposition of bourgeoisie and proletariat continued minimally, but the gap began to reduce with some promising out-comes for better distribution of wealth had emerged. In all those cases anomalies, wealth distribution was the major issue and was centered on the dialectic between rich versus poor. But, in the postmodern globalized world, industry-3.0, under the budding of plutonomy this antagonism is largely between plutocrats versus precariats, furthering the dialectic between rich versus poor that the rich become the absolute, leaving the poor insignificantly behind. This happened because the large portions of the work force are the new herd of part-time workers who live their lives by shifting between unemployment and underemployment, for finally not getting any economic security to formulate a steady living situation with family, etc.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Brief History of Creative Work and PlutonomyThe Millennial Precarity and the Herd of Precariat Workers

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Publisher
Springer Singapore
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021
ISBN
978-981-15-9262-1
Pages
23 –29
DOI
10.1007/978-981-15-9263-8_4
Publisher site
See Chapter on Publisher Site

Abstract

[According to Marx, the class conflict of the preindustrial world was there between the feudal oligarchy and the serfs, but after the first industrial revolution, the class struggle was between the bourgeoisie and the proletariat. In the reindustrialized world, industry-2.0, too, the opposition of bourgeoisie and proletariat continued minimally, but the gap began to reduce with some promising out-comes for better distribution of wealth had emerged. In all those cases anomalies, wealth distribution was the major issue and was centered on the dialectic between rich versus poor. But, in the postmodern globalized world, industry-3.0, under the budding of plutonomy this antagonism is largely between plutocrats versus precariats, furthering the dialectic between rich versus poor that the rich become the absolute, leaving the poor insignificantly behind. This happened because the large portions of the work force are the new herd of part-time workers who live their lives by shifting between unemployment and underemployment, for finally not getting any economic security to formulate a steady living situation with family, etc.]

Published: Nov 11, 2020

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