The term "re-feudalisation" is on Jürgen Habermas's Structural Transformation of the Public returned (Habermas [1962] 1990).
In his social theory Interim assessment of the crisis of financial market capitalism does Sighard Neckel (2010, p. 7) the term in order to analyze processes of re-feudalisation in three levels:
1) in normative terms, ie in relation to the justification of Procedure of the financial market capitalism;
2 ) with respect to the organization of economic processes and the status of prevailing on the financial-economic management groups; can
3) in terms of social structure, recognize that a transformation of social inequality, which show clear signs of feudalism.
1) In normative terms, ie in relation to the justification of Procedure of the Financial Market Capitalism: The re-feudalisation of values - of performance to success
The "Spirit of Capitalism and the Protestant ethic (Weber), associated with need respite and long-term orientation (saving capitalism) was replaced in financial capitalism by the culture of success at any cost associated with personal status and conspicuous consumption. The concept of meritocracy is shelved. One prefers to speak of "personal responsibility" and "own initiative", meaning no personal benefits attributable to direct immediate success. Salaries and bonuses are prices to be determined by scarcity, not by justice of performance (how a pop star). This is capitalism and civil society have become opposites, they require no longer mutually exclusive. In the admiration of the demonstrative made luxury consumption meet, however, the values of the bottom and the top layers.
2) In regard to the organization of economic processes and the status of prevailing on the financial-economic management groups: re-feudalisation of economic organization - the millions of Prince
Modern society knows see themselves as no class privileges. Status differences are only legitimated by differences in performance. The new managerial class, which provides for the shareholder value of the services is necessary, it forces patients to "fiscal livings", the bonus payments are in fact the reference to pensions equal. Quite different than the Schumpeterian entrepreneur, the "pioneer of social and political revolutions, acts of the modern manager as a" property without risk, "knows no bounds in pursuit of his selfish goals and mercilessly exploited the moral hazard. As the sequence of stock market crashes, shows the financial industry can almost smooth externalize their own risks, because the bank bailouts pay so the taxpayers - the neo-lives at the expense of state-guaranteed Security.
3) In terms of social structure, recognize that a transformation of social inequality, which makes clear signs of feudalism.
The common assumption that capitalism corresponds to the bourgeois way of life is belied by the increasing globalization of the markets. Refeudalisierte of contemporary capitalism is best understood as a paradox of capitalist modernization. For the same process of economic development, which can grow to immense wealth, includes an increasing number of people from this. This forms the social distribution of income, power and recognition to be established that the original pre-modern patterns of social order are similar. This is reflected in the privatization of formerly public goods, in the marketization of economic relations and the consolidation of power by oligopolistic corporate structures. As in Habermas' analysis of the bourgeois public a breakdown of the separation of the spheres of government and civil society must be held. The crisis shows the nationalization of the economy that accompanied the economization of the state in step. The re-feudalisation
the social structure is reflected in the return of social dichotomies. This is characterized by the polarization and hardening of the differences between the rapture elite and the precariat the lowest layers. The increasing risk of poverty corresponds to the decrease of social upward mobility. The top layer foreclosure rules through self-recruitment, in particular by the social inequality in education. Social inequality today means no longer a system based on status and performance of differentiated social stratification, but a dichotomy of inclusion and exclusion, which is mutated to a stationary model. Little surprise, then, is that the aristocratic lifestyles in the media, portrayed as contemporary.
Source:
Sighard Neckel: re-feudalisation the economy: The structural transformation of capitalist economy. MPIfG Working Paper 10 / 6 Max-Planck-Institute for the Study of Societies, Cologne. July 2010. ISSN 1864-4341 (Print) ISSN 1864-4333 (internet).
http://www.mpifg.de/pu/workpap/wp10-6.pdf
Jürgen Habermas: Structural Transformation of the Public: An Inquiry into a Category of Bourgeois Society. Frankfurt aM: Suhrkamp 1990 [1962].
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