are we in the new economy 
the question ever since the bursting of the tech bubble is of course whether or not the new economy is here or still on the horizon certainly the traditional manufacturing economy is being increasingly automated using innovations coming out of the tech sector of course we still buy and sell products but the service economy enabled by technology is becoming an ever growing part of the global economy so we are definitely living in an economy that is qualitatively different from the one in the 1980s less people are employed in direct manufacturing and many of us are more anxious of being replaced by a machine than the old fear of having our job outsourced to a nation with a cheaper cost structure now that the new economy appears to be here many people are not as confident that it was the one they wanted after all new economy and the restructuring of capitalismalthough the term new economy developed as an investment buzzword around the promise of early internet companies to change the world the term has also been associated with calls to redesign the global economic system the demand for a new economy in term of a total redesign of global capitalism has been put forth by people who see this as a necessary step to meet social and environmental goals in this context a new economy is one that focuses less on driving profits to shareholders through management and more on good corporate citizenship positive community impacts and distributing asset ownership differently a complete overhaul of capitalism is quite challenging given the entrenched interests although some investors have found ways to work within the system with esg investing this approach rewards companies that act in ways that are more socially and environmentally beneficial even if doing so limits bottom line profits the impact of this movement is just starting to be felt in the publicly traded market and has yet to reach private equity and the more aggressive corners of finance while the new economy in the technology sense was largely welcomed and is just now being regretted by those who were negatively impacted a new economy in terms of restructuring our capitalist system around social environmental and sustainability goals has faced stiff resistance this resistance against change within the system has slowed progress and encouraged more people particularly younger people bearing the brunt of economic inequality and longer term externalities in calling for the whole economic system to be changed 