From its earliest days regeneration has been characterized by a vague generality in its aims and an absence of an overall theoretical base. How far does regulation theory offer a plausible way of understanding regeneration policies? Early schemes had their origins in a Fordist model of full employment and a comprehensive welfare state to compensate for the failures of the market but there has been a discernible shift towards a post-Fordist model that rests on quite different foundations. Using this theoretical conceptualization, this article examines some of the reasons why a flawed model of regeneration continues to be promoted by New Labour in spite of its conspicuous failure to engage those socially excluded populations whom it claims to target.
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T. W. Allen (2001) studied this question.
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