Social Theory and the Critique of Capitalism in a Communication Society
The essay attempts to re-contextualise the normative import of capitalism in the light of modern social theoretical developments. It firstly explores the significance in this regard of the procedural turn in both social theory and political philosophy. While important, this turn has come at the price of a loss of focus on the substantive plane of how unjust social relations – such as those often arising from capitalist structures – diminish the moral capacities of democratic institutions to shape social change. The essay goes on to show in the second section how Axel Honneth (2004, 2007), offering a partial corrective, combines a procedural emphasis on communication with a substantive account of embedded normative structures, opening the way to a differentiated sociological approach that remains normative but not one-sidedly transcendent and deontological. Taking a lead from these reflections, the third section presents a social theoretical architecture concerned both with social structures and processes and with normative grounding, balancing a perspective drawn from sociological constructivism with normative reconstruction. Finally, in the concluding section, the foregoing is brought to bear on the study of capitalism in a manner that is intended to open up new avenues for its critical theoretical exploration.