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INEQUALITY IN AMERICA: THE CASE
FOR POST-INDUSTRIAL CAPITALISM
Joel I. Nelson
ABSTRACT
Post-industrial theorists suggest that the increased use of theoretical
knowledge and information technology are among the most important
developments in contemporary societies. This chapter introduces the
concept of post-industrial capitalism to illustrate how knowledge and
information influence inequality in the contemporary United States. The
concept refers to a phase in capitalist development where the exploitation
of knowledge and information are increasingly used to advance opportu-
nities for profit and political advantage. Several case studies related to
politics and the economy show that elites benefit from new waves of
technology for three principal reasons: because they have the capital to
acquire effective technologies, because they have organizational access to
implement them across multiple institutions in a manner consistent with
their interests, and because they have the degrees offreedom to reduce the
risks that inevitably accompany technological innovations. These case
studies additionally highlight the role of technological innovations in
providing elites not only with the critical resources necessary to effectively
shift the social contract with labor in the United States but to do so in a
manner which minimizes the reactions of both unions and politicians.
Research in Social Stratification and Mobility, Volume 18, pages 39-62.
Copyright © 2001 by Elsevier Science Inc.
All rights of reproduction in any form reserved.
ISBN: 0-7623-0752-8
39
40
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