In a previous video, I outlined Max Weber's spirit of capitalism. This was the idea that our relationship to work has been infused from the outset with meanings that are part of a much longer cultural, religious history. I explored with you too some of the ways that we might see this spirit, this wider shared meaning in today's business world. Capitalist society, however, has been developing and reinventing itself now for several 100 years. Max passed through major changes from industrialization, mechanization, mass-production, to outsourcing, economic globalization, and financialization. For many researchers and observers, even for Weber, himself, in some of his writing, the spirit of capitalism, the calling to labor and the calling to make money has perhaps lost much of its traction over the hearts and minds of many as capitalism evolved. This may have been particularly the case when people are confronted with some of the less than positive aspects of work in business: Routine, repetitive labor, casualisation and outsourcing, job insecurity, overwork, pollution, and environmental degradation. For some, this suggests that a return to something like Marx's analysis might be warranted. The work, again, is being experienced by much of the population is intrinsically meaningless, is alienated, degraded, exploitative. The words of critic Bernard Stiegler, for example, "Capitalism has lost its spirit. Spiritual misery, reigns. Those who no longer believe they have anything whatsoever to expect from the development of hyper industrial capitalism are increasingly numerous." In the late 1990s however, two French social scientists Luc Boltanski and Eve Chiapello published a book that garnered a great deal of international attention, by challenging these conclusions. Seeking to explain how capitalism endures, even thrives despite the criticism it faces. Boltanski and Chiapello argued the capitalist society has proven able to generate new societal wide meanings at different major points of crisis new spirits of capitalists, as they would call them. The latest of these new spirits of capitalism, they argue, is one that developed in response to the wake of mass protests, strikes and resistance that occurred across many parts of the world in the late 1960s through to the 1970s. As a response to this crisis, business reinvented itself and the meanings that could offer people, particularly managers and aspiring leaders like yourself. The meanings of managerial work changed from being seen as an uninspiring administrative role. The shuffling of paper around a giant uncaring bureaucracy by reluctant managers to something altogether more inspiring. Managerial work was now thought of in terms of innovation, entrepreneurialism, individuality, even authenticity. New managerial texts and theories taught of management in terms of charisma, ethics, social responsibility, and sustainability. The Manager was re-imagined now as a heroic leader. They were cast as agents of business and societal transformation, ushering in a new modern, responsible and sustainable future. What are we to make of Boltanski and Chiapello arguments then, regarding a new spirit of capitalism surrounding and saturating the meaning of work for people like yourself. Well, in part you can answer this based on your own socialization into managerial and leadership roles. From your own exposure to the academic and popular management and leadership literature. I'll go out on a limb here and suggests that while the actual work that you and others do as managers may often be repetitive, relatively humdrum. You will have experienced a wider attempt to re-describe the managerial role as something more satisfying, heroic, future-focused, to recast the management role as inspiring leadership, for example. Now, whether this entirely succeeds in convincing you that the routines of organizational work and the role of business in society today are part of something personally and socially transformative remains to be seen. It's also unclear, I think, despite Boltanski and Chiepello arguments, wherever this new spirit of capitalism is really as widely shared amongst recent generations of managers as they would have us believe. What we can say with certainty, however, is that there are people in the business realm across all parts of the world who are endeavoring to make this meaning a reality, at least in their own working lives. I'm referring here to CEOs and others who are seeking to operate businesses in ways that are sustainable and responsible. Who are finding ways to fuse the economic activity with more meaningful contributions to the wider community and society.