<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The present paper investigates how the <italic>Bridge Budapest</italic>, a CSR organization founded by leading Hungarian IT startups, attempts to shape the values of Hungarian society towards capitalism in general, and towards entrepreneurship in particular. In my paper I argue that the central aim of the organization is to facilitate Hungary’s catching up with the core capitalist countries through the transformation of the attitudes and the ideologies surrounding capitalism in the Hungarian context, i.e. <italic>the local spirit of capitalism</italic>. This consists, on the one hand, of restoring the legitimation of some of the core institutions of capitalism, such as the enterprise and the entrepreneur, and of confronting the risk-taking, innovative and ethical figure of the entrepreneur hero with the provincial figure of the ‘postcommunist cheater’. On the other hand, it also consists of propagating a new management of work that aims to produce self-controlling and self-motivating employees. In the narrative of Bridge Budapest IT companies appear as the perfect moral and economic subjects – the bearers of the new spirit of capitalism – that have the expertise to offer solutions to the problems of Hungarian society, and around which the local capitalism should be built.</p></abstract>

The present paper investigates how the Bridge Budapest, a CSR organization founded by leading Hungarian IT startups, attempts to shape the values of Hungarian society towards capitalism in general, and towards entrepreneurship in particular. In my paper I argue that the central aim of the organization is to facilitate Hungary’s catching up with the core capitalist countries through the transformation of the attitudes and the ideologies surrounding capitalism in the Hungarian context, i.e. the local spirit of capitalism. This consists, on the one hand, of restoring the legitimation of some of the core institutions of capitalism, such as the enterprise and the entrepreneur, and of confronting the risk-taking, innovative and ethical figure of the entrepreneur hero with the provincial figure of the ‘postcommunist cheater’. On the other hand, it also consists of propagating a new management of work that aims to produce self-controlling and self-motivating employees. In the narrative of Bridge Budapest IT companies appear as the perfect moral and economic subjects – the bearers of the new spirit of capitalism – that have the expertise to offer solutions to the problems of Hungarian society, and around which the local capitalism should be built.

New Spirit and New Hero: How Hungarian Startups Redefine the Ideas of Local Capitalism

Student at Central European University and at the College for Advanced Studies in Social Theory (TEK)

Studia Universitatis Babes-Bolyai Sociologia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The present paper investigates how the Bridge Budapest, a CSR organization founded by leading Hungarian IT startups, attempts to shape the values of Hungarian...

New Spirit and New Hero: How Hungarian Startups Redefine the Ideas of Local Capitalism

Published Online: Jan 27, 2017

Page range: 27 - 48

DOI: https://doi.org/10.1515/subbs-2016-0009

Keywords
startups, ideology, digital capitalism, management of work, entrepreneurship, post-politics

© 2016 Natasa Szabó, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

New Spirit and New Hero: How Hungarian Startups Redefine the Ideas of Local Capitalism

Published Online: Jan 27, 2017

Page range: 27 - 48

DOI: https://doi.org/10.1515/subbs-2016-0009

Keywordsstartups, ideology, digital capitalism, management of work, entrepreneurship, post-politics

© 2016 Natasa Szabó, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
startups, ideology, digital capitalism, management of work, entrepreneurship, post-politics