Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

Summing up, social life and capital accumulation in the post-capitalist interregnum depend on individuals-as-consumers adhering to a culture of competitive hedonism, one that makes a virtue out of the necessity of having to struggle with adversity and uncertainty on one’s own. For capital accumulation to continue under post-capitalism, that culture must make hoping and dreaming obligatory, mobilizing hopes and dreams to sustain production and fuel consumption in spite of low growth, rising inequality and growing indebtedness. It must also provide technical assistance enabling people to keep themselves unreasonably happy, while at the same time producing a stream of incentives and satisfactions motivating them to constantly intensify their work effort regardless of stagnant or declining pay, unpaid overtime and precarious employment. Capitalism without system integration requires a labour market and labour process capable of sustaining a neo-Protestant work ethic alongside socially obligatory hedonistic consumerism. Enthusiastic hard work must be culturally defined and recognized as test and proof of individual value, corresponding to a meritocratic worldview that explains inequality with differences in effort or ability. For hedonism not to undermine productive discipline, as none less than Daniel Bell was confident would happen, the attractions of consumerism must be complemented with a fear of social descent, while non-consumerist gratifications available outside of the money economy must be discounted and discredited. All of this presupposes the presence of a broad middle class willing to seek social integration through the labour market, accepting as a matter of course expectations of employers for full identification with whatever jobs they may be assigned and taking for granted the need for social life to respect the primacy of dedicated work and the pursuit of, it is hoped, life-structuring careers.

yo

—p.45 Introduction (1) by Wolfgang Streeck 7 years, 2 months ago