A quiet revolution is transforming the role of women, particularly in the developed world. Call it capitalist feminism – the powerful alliance between market forces and the talents, ambitions and desires of that 50 per cent of the population which is finally free from many of the legal and social constraints that held it back for repressive millennia.
We tend not to think of capitalism and feminism as natural allies. Conservatives, normally the biggest cheerleaders of American consumer capitalism, become oddly hostile when working women enter the picture. Feminists, meanwhile, have an ambivalent attitude towards what used to be called the capitalist patriarchy.
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