Abstract
This chapter probes salient ideological and cultural aspects of regulated capitalism . Presented through reviews of the ideas of Antonio Gramsci , Talcott Parsons , and Daniel Bell , these characteristics mandated the creation of a new will-formation that allowed the submission of the working class to the requirements of Fordist production. Additionally, the structuralist critique of Fordist cultural arrangements and Jürgen Habermas theory of the crisis of regulated capitalism are presented. The chapter continues by illustrating the contradictions of regulated capitalism will-formation . Following Habermas theory, it is argued that the culture and ideology of Fordism were incompatible with the requirements of capitalism and could not be upheld through state intervention . The state was unable to maintain mass loyalty while promoting the conditions necessary for the expansion of the economy .
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Bonanno, A. (2017). The Legitimation Crisis of Fordism: Ideological and Cultural Contradictions. In: The Legitimation Crisis of Neoliberalism. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-59246-0_2
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DOI: https://doi.org/10.1057/978-1-137-59246-0_2
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