The High-risk Society: Peril and Promise in the New Economy

The High-risk Society: Peril and Promise in the New Economy
ISBN-10
0812926374
ISBN-13
9780812926378
Category
Psychology / General
Pages
227
Language
English
Published
1996
Publisher
Times Business
Author
Michael J. Mandel

Description

If you're like most Americans, you're better off than you were five years ago. The statistics tell us that times are good: inflation is down; growth, productivity, and profits are up; free markets and technological advances are spreading around the world. But you're paying a high price for prosperity: more intense, pervasive economic uncertainty than Americans have suffered at any time in the past fifty years. It takes many forms: job insecurity, fears about retirement, gyrating financial markets, and worries about new competitors and technologies that can wipe out industries overnight. If you suffer these anxieties, you're not alone. As Michael Mandel vividly shows, they are portents of a new economic era - the High-Risk Society. Prosperity and security no longer go hand in hand. Today, the very forces behind economic turbulence - including open markets, deregulation, business restructuring, and technological change - are also the world's greatest engines of growth. As a result, success hinges on your willingness to embrace risk - in your career, in your investments, and in your business decisions - rather than flee it. What does the advent of the High-Risk Society mean for working people, business managers, entrepreneurs, investors? What kinds of risk-taking strategies will tomorrow's economy reward? And how should policymakers respond when the margin of security for every citizen is shrinking as the social safety net becomes increasingly frayed? The High-Risk Society offers provocative answers to these questions and a defining portrait of the new economic era that will change the way you think about our world.

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