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Revisiting the regulation approach: critical reflections on the contradictions, dilemmas, fixes, and crisis dynamics of growth regimes

Research output: Contribution to journalJournal article

Published

Journal publication date02/2013
JournalCapital and Class
Journal number1
Volume37
Number of pages20
Pages5-24
Original languageEnglish

Abstract

Capitalist growth regimes are analysed drawing on Marx’s insights into capital’s fundamental contradictions, regulationist arguments about the five basic structural forms of accumulation regimes and their modes of regulation, historical geographical materialism’s emphasis on spatio-temporal fixes, and state-theoretical accounts of government and governance. This framework is applied to four growth regimes: Atlantic Fordism, the knowledge-based economy, finance-dominated capitalism, and a 'no-growth' alternative. The article highlights the crisis-tendencies of the first three and assesses whether the Green New Deal can provide an eco-social exit from crisis and/or is vulnerable to capture by the same forces that brought us finance-dominated accumulation.