The article is an evaluation of the economic, organizational and social theory of Luc Boltanski and Eve Chiapello’s The New Spirit of Capitalism 15 years after its publication. The role of network capitalism, state capitalism, and aesthetic capitalism in French social life is analysed. The article concludes that flexible network capitalism was largely a chimera of the 1990s and that French political and economic life today is dominated by an ailing state capitalism.
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