Monthly Archives: September 2015

double nature of ‘capitalist spirit’

“However, charisma is by no means alien to the economy. . . . the antagonism between charisma and everyday life arises also in the capitalist economy, with the difference that charisma does not confront the household but the enterprise.” “An instance of grandiose robber capitalism and of a spoils-oriented following is provided by Henry Villard’s exploits.” “The structure and spirit of this robber capitalism differs radically from the rational management of an ordinary capitalist large-scale enterprise. . . . The double nature of what may be called the ‘capitalist spirit,’ and the specific character of modern routinized capitalism with its professional bureaucracy, can be understood only if these two structural elements, which are ultimately different but everywhere intertwined, are conceptually distinguished.” (Max Weber, Economy and Society, p.1118)