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Advanced 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 ...
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Late Capitalism
Late capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to perceived absurdities, contradictions, crises, injustices, inequality, and exploitation created by modern business development. Later capitalism refers to the historical epoch since 1940, including the post–World War II economic expansion called the "golden age of capitalism". The expression already existed for a long time in continental Europe, before it gained popularity in the English-speaking world through the English translation of Ernest Mandel's book ''Late Capitalism'', published in 1975. The German original edition of Mandel's work was subtitled in "an attempt at an explanation", meaning that Mandel tried to provide an orthodox Marxist explanation of the post-war epoch in terms of Marx's theory of the capitalist mode ...
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Civil Society
Civil society can be understood as the "third sector" of society, distinct from government and business, and including the family and the private sphere.''What is Civil Society''
civilsoc.org
By other authors, ''civil society'' is used in the sense of 1) the aggregate of non-governmental organizations and institutions that advance the interests and will of citizens or 2) individuals and organizations in a society which are independent of the government. Sometimes the term ''civil society'' is used in the more general sense of "the elements such as freedom of speech, an independent judiciary, etc, that make up a democratic society" ('''' ...
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State Monopoly Capitalism
The theory of state monopoly capitalism (also referred as stamocap) was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into ''monopoly capitalism'', but he did not publish any extensive theory about the topic. The term refers to an environment where the state intervenes in the economy to protect larger monopolistic or oligopolistic businesses from threats. As conceived by Lenin in his pamphlet of the same name the theory aims to describe the ''final historical stage'' of capitalism, of which he believed the Imperialism of that time to be the highest expression. The main thesis The main Marxist–Leninist thesis is that big business, having achieved a monopoly or cartel position in most markets of importance, ''fuses'' with the government apparatus. State monopoly capitalism protected monopolistic economics from competition by smaller firms. Lenin insists in ''The State and Revolu ...
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State Capitalism
State capitalism is an economic system in which the state undertakes business and commercial (i.e. for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor). The definition can also include the state dominance of corporatized government agencies (agencies organized along business-management practices) or of public companies such as publicly listed corporations in which the state has controlling shares. Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state. By this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting surplus value from the workforce in order to invest it in further production. This designation applies regardless of the political aims of the state, even if the s ...
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Post-Fordism
Post-Fordism is the dominant system of economic production, consumption, and associated socio-economic phenomena in most industrialized countries since the late 20th century. It is contrasted with Fordism, the system formulated in Henry Ford's automotive factories, in which workers work on a production line, performing specialized tasks repetitively, and organized through Taylorist scientific management. Definitions of the nature and scope of post-Fordism vary considerably and are a matter of debate among scholars. Changes in the nature of the workforce include the growth of labor processes and workflows relying on information and communication technologies and digital labor. Overview Post-Fordism is characterized by the following attributes: *Small-batch production *Economies of scope *Specialized products and jobs *New information technologies *Emphasis on types of consumers in contrast to previous emphasis on social class *The rise of the service and the white-collar worker *T ...
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Late Capitalism
Late capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to perceived absurdities, contradictions, crises, injustices, inequality, and exploitation created by modern business development. Later capitalism refers to the historical epoch since 1940, including the post–World War II economic expansion called the "golden age of capitalism". The expression already existed for a long time in continental Europe, before it gained popularity in the English-speaking world through the English translation of Ernest Mandel's book ''Late Capitalism'', published in 1975. The German original edition of Mandel's work was subtitled in "an attempt at an explanation", meaning that Mandel tried to provide an orthodox Marxist explanation of the post-war epoch in terms of Marx's theory of the capitalist mode ...
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Capitalist Mode Of Production (Marxist Theory)
In Karl Marx's critique of political economy and subsequent Marxian analyses, the capitalist mode of production (German: ''Produktionsweise'') refers to the systems of organizing production and distribution within capitalist societies. Private money-making in various forms (renting, banking, merchant trade, production for profit and so on) preceded the development of the capitalist mode of production as such. The capitalist mode of production proper, based on wage-labour and private ownership of the means of production and on industrial technology, began to grow rapidly in Western Europe from the Industrial Revolution, later extending to most of the world. The capitalist mode of production is characterized by private ownership of the means of production, extraction of surplus value by the owning class for the purpose of capital accumulation, wage-based labour and—at least as far as commodities are concerned—being market-based. Synopsis A "mode of production" (German: ''Pro ...
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Postmodernism, Or, The Cultural Logic Of Late Capitalism
''Postmodernism, or, the Cultural Logic of Late Capitalism'' is a 1991 book by Fredric Jameson, in which the author offers a critique of modernism and postmodernism from a Marxist perspective. The book began as a 1984 article in the ''New Left Review''. For Jameson, postmodernism is a forced but highly permeating field, given that cultures are formed through mass media (" mass culture"). This so-called mass culture indirectly forces us to shape our ideologies and brings us under the influence of media culture—a process that Jameson calls hegemony. This hegemony however has nothing to do with the postcolonial idea of colonization; rather it is a form of hegemony in the postmodern world, where media and capitalism play the most significant role in colonizing people's thoughts and ways of life. Jameson argues that postmodernism is the age of the end of traditional ideologies. The ending of traditional ideologies can be seen through new wave of the aesthetic productions. He uses ar ...
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Werner Sombart
Werner Sombart (; ; 19 January 1863 – 18 May 1941) was a German economist and sociologist, the head of the "Youngest Historical School" and one of the leading Continental European social scientists during the first quarter of the 20th century. The term late capitalism is accredited to him. The concept of creative destruction associated with capitalism is also of his coinage. His ''magnum opus'' was ''Der moderne Kapitalismus''. It was published in 3 volumes from 1902 through 1927. In ''Kapitalismus'' he described four stages in the development of capitalism from its earliest iteration as it evolved out of feudalism, which he called proto-capitalism to early, high and, finally, late capitalism —''Spätkapitalismus''— in the post World War I period. Life and work Early career, socialism and economics Werner Sombart was born in Ermsleben, Harz, the son of a wealthy liberal politician, industrialist, and estate-owner, Anton Ludwig Sombart. He studied law and economics at the ...
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Legitimation Crisis
Legitimation crisis refers to a decline in the confidence of administrative functions, institutions, or leadership. The term was first introduced in 1973 by Jürgen Habermas, a German sociologist and philosopher. Habermas expanded upon the concept, claiming that with a legitimation crisis, an institution or organization does not have the administrative capabilities to maintain or establish structures effective in achieving their end goals. The term itself has been generalized by other scholars to refer not only to the political realm, but to organizational and institutional structures as well. While there is not unanimity among social scientists when claiming that a legitimation crisis exists, a predominant way of measuring a legitimation crisis is to consider public attitudes toward the organization in question. Legitimacy With respect to political theory, a state is perceived as being legitimate when its citizens treat it as properly holding and exercising political power. W ...
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Jürgen Habermas
Jürgen Habermas (, ; ; born 18 June 1929) is a German social theorist in the tradition of critical theory and pragmatism. His work addresses communicative rationality and the public sphere. Associated with the Frankfurt School, Habermas's work focuses on the foundations of epistemology and social theory, the analysis of advanced capitalism and democracy, the rule of law in a critical social-evolutionary context, albeit within the confines of the natural law tradition, and contemporary politics, particularly German politics. Habermas's theoretical system is devoted to revealing the possibility of reason, emancipation, and rational-critical communication latent in modern institutions and in the human capacity to deliberate and pursue rational interests. Habermas was known for his work on the concept of modernity, particularly with respect to the discussions of rationalization originally set forth by Max Weber. He has been influenced by American pragmatism, action theory, an ...
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Carl Boggs
Carl Boggs (born 22 July 1937) is a social science and film studies professor at the National University in Los Angeles. He received a Ph. D. in Political Science from the University of California, Berkeley in 1970. He has also taught at the University of South Carolina and Washington University. He has written numerous books on subjects including social theory, European and American politics, and military policy. He has contributed to several socialist organizations and journals, such as Solidarity (United States), the LA Socialist Community School, and the Free Speech Movement. He received a Charles A. McCoy Career Achievement Award. Publications Books * Boggs, Carl. ''Fugitive Politics: The Struggle for Ecological Sanity''. 'New York, NY : Routledge, 2022. * Boggs, Carl. ''Impasse Of European Communism. '' Routledge, 2021. **Review by Richard J. Willey ''American Political Science Review '', Volume 77 , Issue 3 , September 1983 , pp. 769 - 770 * Boggs, Carl. ''Fasci ...
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