Based on the evolution of traditional and hi-tech industries in the last twenty years in the US, to what extent would you say that American capitalism has reshaped and reinvented itself in the 1980s-1990s?

Résumé du document

After the end of the Second World War, US emerged as the first economic super power. Despite of the tragic events that the US encountered, it still remains as one of the leading economies in twenty first century. During the time between the 1980s-1990s, the country redefined its capitalism to maintain its economic hold over the world.

Extraits

[...] Of course, the contribution of the hi-tech helped the workers to simplify their job but it didn't improve their condition. It leads some economists to speak about the disappearance of the American middle class. Today, the economic stability is reinforced by the structural changes. The employment is greatly represented in the services which is a sector were the demand is not too versatile. Furthermore the new efficient management is reducing the risks of overproduction. Unlike the traditional industries, the hi-tech industry is characterised by the outputs increase. [...]

[...] Furthermore these companies are reactive and permanently ready to launch new products and new services. The Americans are famous for their pioneer sense. The American entrepreneurship is leading the economic world and the USA are still having their image of economic Eldorado for the young entrepreneurs. In the 80s a risk-taking culture appeared in the USA that helped the development of the small businesses. There is in the country a cult and a huge respect for the entrepreneurs. Some years ago, Bill Gates Microsoft's founder was considering as one of the most powerful man of the world but also as a star. [...]

[...] The opposition between the traditional and the high-tech industries is not so practical. Today, the “brick and mortar” companies are becoming “click and mortar” companies by their adaptation to the new ways of communication. It seems that a new kind of management reshaped the capitalism in the 90s but the living conditions of the workers are sluggish. In fact, the “American way of life” is not what it was in the 60s. The American spirit has changed in the 80-90s. [...]

[...] Moreover, the collaboration of the private and the public sector in the USA is an example of high efficiency and strategic intelligence. The early stages of the Internet in 1969 were initiated by two universities University of California and Stanford University with the help of the Pentagon via the ARPA agency who financed the research to establish a communication between these two universities. The collaboration between the private and the public sector is an American specificity. The advanced position of the USA is the consequence of the American powerful financing system. [...]

[...] Based on the evolution of traditional and hi-tech industries in the last twenty years in the US, to what extent would you say that American capitalism has reshaped and reinvented itself in the 1980s-1990s? Introduction Since the end of the Second World War, the USA stand out as the first economic power in the world. Today, in spite of the tragic events that the USA have encountered, they still remain the economic leaders of our modern society. In the 1980s-1990s, the country has reinvented his capitalism to stay economically powerful. [...]