Advanced capitalism

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Advanced capitalism is an expression used to refer to the features of those societies in which the capitalist model, has been integrated and developed deeply and extensively and for a prolonged period of time. The expression distinguished such societies from the historically previous forms of capitalism, mercantilism and industrial capitalism, and partially overlaps with the concepts of finance capitalism, post-industrial age, modern capitalism, complex capitalism and spectacular society.

Jürgen Habermas has been a major contributor to the analysis of advanced-capitalistic societies. According to Habermas, a key feature of advanced-capitalism is "privatism", meaning "political abstinence combined with an orientation to career, leisure and consumption" as well as "family orientation" (Habermas, 1988: 37, 75). Another key trait of complex capitalism is commodity fetishism.[1] Antonio Gramsci, formulating his successful concept of cultural hegemony, said that in advanced capitalist societies, innovations such as compulsory schooling, mass media, and popular culture are used to indoctrinate people with the opinions convenient to the powerful.

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  1. ^ Freeman, Lindsey Remembering Debord cannon-beach.net
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