The spiral of state capitalism: labour transformations or the ‘whip of external necessity’?

Abstract

This article opens a conversation between uneven and combined development (U&CD) and state capitalism studies. It reflects on the potential of U&CD to answer the following questions: why has there been an aggregate expansion of the state’s role as promoter, supervisor and owner of capital across the world capitalist economy since the turn of the millennium, and why has this taken an uneven and combined form? I argue that U&CD as an evolving research programme holds great potential in creatively expanding the study of state capitalism and its multi-scalar geographies. It is particularly well positioned to help us elucidate the multilinear and interactive character of present-day state capitalism. U&CD’s heuristics of ‘societal multiplicity’, ‘combination’ and ‘hybridisation’ can help us trace the combinatorial dynamics which result in the cumulative expansion of state prerogatives and their cascading impacts across policy realms and geographic space. Yet the causal mechanisms identified by U&CD (the ‘whip of external necessity’, ‘the privilege of historic backwardness’ and ‘the simultaneity of the non-simultaneous’) are unable to grasp contemporary state capitalist transformations in their historical and geographical fullness, notably due to a tendency to misread spatial unevenness as temporal dislocation. Theorising state capitalism requires that we examine the role of multiple and interacting capitalist states in politically mediating historically determinate transformations in the capitalist labour process, and their ramifications in terms of the temporal and geographical dynamics of value production and circulation. Thus, looking at U&CD from the perspective of the new state capitalism reveals both its analytical strengths and limitations for GPE.