The Legitimation Crisis of Neoliberalism

The State, Will-Formation, and Resistance

Nonfiction, Social & Cultural Studies, Political Science, Politics, History & Theory, Social Science, Sociology
Cover of the book The Legitimation Crisis of Neoliberalism by Alessandro Bonanno, Palgrave Macmillan US
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Author: Alessandro Bonanno ISBN: 9781137592460
Publisher: Palgrave Macmillan US Publication: July 6, 2017
Imprint: Palgrave Macmillan Language: English
Author: Alessandro Bonanno
ISBN: 9781137592460
Publisher: Palgrave Macmillan US
Publication: July 6, 2017
Imprint: Palgrave Macmillan
Language: English

This book proposes a theory of the legitimation crisis of neoliberalism. Through analyses of the legitimation crisis of regulated capitalism and the characteristics and theories of neoliberalism, the author contends that neoliberalism is affected by crises of system and social integration. The crisis of system integration refers to the inability of market mechanisms to address problems of capital accumulation and social stability. The crisis of social integration refers to the unmet promises of economic growth and social well-being. While attempts to address these crises are carried out through state intervention, crisis resolutions are inadequate due to the limits of the free market system and current state forms. Alessandro Bonanno contends that, as ideological and material forms of legitimation are inadequate, and processes of capital accumulation are sluggish and resistance weak, change is necessary. He outlines how this change will be controlled by corporate actors, minimally address the demands of subordinate groups, and marginally alter existing conditions.

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This book proposes a theory of the legitimation crisis of neoliberalism. Through analyses of the legitimation crisis of regulated capitalism and the characteristics and theories of neoliberalism, the author contends that neoliberalism is affected by crises of system and social integration. The crisis of system integration refers to the inability of market mechanisms to address problems of capital accumulation and social stability. The crisis of social integration refers to the unmet promises of economic growth and social well-being. While attempts to address these crises are carried out through state intervention, crisis resolutions are inadequate due to the limits of the free market system and current state forms. Alessandro Bonanno contends that, as ideological and material forms of legitimation are inadequate, and processes of capital accumulation are sluggish and resistance weak, change is necessary. He outlines how this change will be controlled by corporate actors, minimally address the demands of subordinate groups, and marginally alter existing conditions.

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