- Subject index
Ulrich Beck's best selling Risk Society established risk on the sociological agenda. It brought together a wide range of issues centering on environmental, health and personal risk, provided a rallying ground for researchers and activists in a variety of social movements and acted as a reference point for state and local policies in risk management. The Risk Society and Beyond charts the progress of Beck's ideas and traces their evolution. It demonstrates why the issues raised by Beck reverberate widely throughout social theory and covers the new risks that Beck did not foresee, associated with the emergence of new technologies, genetic and cybernetic. The book is unique because it offers both an introduction to the main arg
Chapter 10: Worlds in Action: Information, Instantaneity and Global Futures Trading
Worlds in Action: Information, Instantaneity and Global Futures Trading
In his rather brilliant novel on the culture of Wall Street in the 1980s, The Bonfire of the Vanities, Tom Wolfe (1987) portrays the international bond traders of that era as ‘Masters of the Universe’, a title based on children's popular action dolls of the same name – a very muscled and masculine set of plastic supermen who were, in tum, promoted through a TV series of the same name. Early in the novel, Wolfe has his central character describing his fellow traders on the 50th floor trading room of a fictional investment banking house as Masters of the Universe who, through their telephone dealing, were ‘moving the lever ...