The State–Capital Nexus in the Global Crisis 2017
DOI: 10.4324/9781315085180-2
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The Reconfiguration of the Global State–Capital Nexus

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Cited by 11 publications
(13 citation statements)
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“…This discussion enables us, following van Apeldoorn et al (, p. 474), to distil out the key internal relations between capital and state which the state‐capital nexus deploys to secure economic growth and political stability, and which frame the form and function of food regimes. These are: Market creation: to engender, if necessary, re‐establish, and ensure the effective functioning of markets, including the preconditions for capital accumulation like ‘primitive accumulation’; Market correction: to mitigate the destructive social impacts of capital accumulation and, more generally, to manage the capital‐labour relation, and to reproduce the subordination of the labour force to capital (legitimation function); Market direction: to direct and supervise capital accumulation when private capital fails, or is unable, to do so, commonly referred to as ‘state intervention in the economy’ (accumulation function); External representation: to represent the external interests of ‘domestic’ capital, extending from economic diplomacy to the forceful, or military, protection of business interests (accumulation and legitimation function, the latter elevating the ‘national interest’ above class and class fractional interest in the service of nationalism and generating ‘combined and uneven development’ as a consequence). …”
Section: Proposing a Revised Causal Basis For Food Regimesmentioning
confidence: 92%
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“…This discussion enables us, following van Apeldoorn et al (, p. 474), to distil out the key internal relations between capital and state which the state‐capital nexus deploys to secure economic growth and political stability, and which frame the form and function of food regimes. These are: Market creation: to engender, if necessary, re‐establish, and ensure the effective functioning of markets, including the preconditions for capital accumulation like ‘primitive accumulation’; Market correction: to mitigate the destructive social impacts of capital accumulation and, more generally, to manage the capital‐labour relation, and to reproduce the subordination of the labour force to capital (legitimation function); Market direction: to direct and supervise capital accumulation when private capital fails, or is unable, to do so, commonly referred to as ‘state intervention in the economy’ (accumulation function); External representation: to represent the external interests of ‘domestic’ capital, extending from economic diplomacy to the forceful, or military, protection of business interests (accumulation and legitimation function, the latter elevating the ‘national interest’ above class and class fractional interest in the service of nationalism and generating ‘combined and uneven development’ as a consequence). …”
Section: Proposing a Revised Causal Basis For Food Regimesmentioning
confidence: 92%
“…Here, however, they reference only his discussion of capital accumulation (theorised as a ‘Regime of Accumulation’ from which we assume the term ‘food regime ’ derives) and do not, surprisingly, address the ‘Mode of Regulation’, a category of equal significance . Shorn of the ‘Mode of Regulation’, it is difficult to comprehend capitalism as a class‐defined and contradiction‐ridden mode of exploitation that exists in an ‘internal’ relation to the modern state, the latter performing vital support and legitimacy functions for capital without which it would be in jeopardy (van Apeldoorn et al ).…”
Section: Problems With Friedmann and Mcmichael’s Theorisation And Pementioning
confidence: 99%
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“…Retroliberalism then recreates elements of both classical liberalism and neoliberalism with the intention of perpetuating cycles of private capital accumulation. Furthermore, under the retroliberal regime, the pursuit of self‐interest is enacted by a state–corporate nexus, that exports the stimulus packages under the guise of “shared prosperity” (Apeldoorn, de Graaff, & Overbeek, ).…”
Section: Context: the Gfc And The “Rise Of The South”mentioning
confidence: 99%
“…Neoliberalism has lost its status as a hegemonic ideology as various crises have undermined the credibility of radical free-market economics. Whether or not one agrees with the assessment of an underlying crisis of overaccumulation, identified acute crises have included the financial crisis of 2008, a parallel food crisis, worsening ecological crises and, importantly for the purposes of this paper, a crisis of care and depletion linked to the globalization of reproduction (Bastiaan van Apeldoorn, Naná de Graaff, and Henk Overbeek 2012;Eric Helleiner 2014;Shirin Rai, Catherine Hoskyns, and Dania Thomas 2014).…”
Section: Elisabeth Prüglmentioning
confidence: 99%