Advanced capitalism

Not to be confused with the neo-Marxist term 'late capitalism'.

In political philosophy, particularly Frankfurt School critical theory, advanced capitalism is the situation that pertains in a society in which the capitalist model has been integrated and developed deeply and extensively and for a prolonged period. The expression advanced capitalism distinguishes such societies from the historical previous forms of capitalism, mercantilism and industrial capitalism, and partially overlaps with the concepts of a developed country; of the post-industrial age; of finance capitalism; of post-Fordism; of the spectacular society; of media culture; and of "developed", "modern", and "complex" capitalism.

Various writers identify Antonio Gramsci as an influential early theorist of advanced capitalism, even if he did not use the term himself. In his writings Gramsci sought to explain how capitalism had adapted to avoid the revolutionary overthrow that had seemed inevitable in the 19th century. At the heart of his explanation was the decline of raw coercion as a tool of class power, replaced by use of civil society institutions to manipulate public ideology in the capitalists' favor.[1][2][3]

Jürgen Habermas has been a major contributor to the analysis of advanced-capitalistic societies. Habermas observed four general features that characterize advanced capitalism:

Bibliography

See also

References

  1. ↑ Lears, T. J. Jackson (1985) "The Concept of Cultural Hegemony"
  2. ↑ Holub, Renate (2005) Antonio Gramsci: Beyond Marxism and Postmodernism
  3. ↑ Boggs, Carl (2012) Ecology and Revolution: Global Crisis and the Political Challenge
  4. ↑ Habermas, 1988: 37, 75.
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