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The Legitimation Crisis of Neoliberalism - The State, Will-Formation, and Resistance (Hardcover, 1st ed. 2017)
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The Legitimation Crisis of Neoliberalism - The State, Will-Formation, and Resistance (Hardcover, 1st ed. 2017)
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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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