Following the Second World War, western societies built what was called “social capitalism” (Richard Sennett): an economic system which was dominated by long-term employment, strong unions, stable organizations and long innovation cycles.
This changed from the 1970s. So-called “flexible capitalism” was on the rise and with it came significant changes in economic conditions inside and outside its organizations. These conditions are well-known: massive digitalization, faster innovation cycles, growing dependencies concerning supply chains across borders, increasing political instabilities, weakening unions and the rise of flexible job conditions, often to the disadvantage of the employee. […]
