Advanced capitalism

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In political philosophy, particularly Frankfurt School critical theory, advanced capitalism is the situation that pertains to a harmonious and self-regulating economic system, a society in which individual freedom defines wider economic freedom or a capitalist model has been integrated and developed deeply and extensively and for a prolonged period in a freedom-based culture. 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, all variants of economic freedom.

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:

Concentration of industrial activity in a few large firms
Constant reliance on the state to stabilize the economic system
A formally democratic government that legitimizes the activities of the state and dissipates opposition to the system
The use of nominal wage increases to pacify the most restless segments of the work force^[4]

Bibliography

Jürgen Habermas. Legitimation Crisis. Trans. by T. McCarthy. Boston: Beacon, 1973. from google books; excerpt
Sombart, Werner (1916) Der moderne Kapitalismus. Historisch-systematische Darstellung des gesamteuropäischen Wirtschaftslebens von seinen Anfängen bis zur Gegenwart. Final edn. 1916, repr. 1969, paperback edn. (3 vols. in 6): 1987 Munich: dtv. (Also in Spanish; no English translation yet.)
Ian Gough State Expenditure in Advanced Capitalism New Left Review
Fredric Jameson (1991) Postmodernism, or, the Cultural Logic of Late Capitalism
Ernest Mandel Late Capitalism

References

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

Media culture

Media

Principles

Ideology

Deception

Forms	Advertising Propaganda Fake news Public relations Spin Tabloid journalism
Techniques	Cult of personality Dumbing down Framing Media circus Media event Narcotizing dysfunction Recuperation Sensationalism Viral phenomenon
Others	Catch and kill Crowd manipulation Managing the news Media manipulation

Philosophers

Counterculture

In academia

Issues

Synonyms

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