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Ten theses on the new state capitalism and its futures

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  • Ilias Alami

Abstract

Global capitalism is currently experiencing a turbulent and polymorphous (geo)political reordering, encompassing multiple transformations in the landscapes of state intervention, and a drastic reconfiguration of the state's role as promoter, supervisor and owner of capital across the world economy. Can the concept of state capitalism aid us in grasping these transformations conceptually? My answer is yes, with the proviso that state capitalism is neither conceptualised as a national (or regional) variety of capitalism, nor as a new regime of accumulation, but as a flexible means of problematising this historic arc in the trajectories of state intervention. Based on this approach, I offer in this essay ten theses on the new state capitalism, its roots in the dynamics of capital accumulation, its relations to broader material conflicts and its potential futures.

Suggested Citation

  • Ilias Alami, 2023. "Ten theses on the new state capitalism and its futures," Environment and Planning A, , vol. 55(3), pages 764-769, May.
    • Handle: RePEc:sae:envira:v:55:y:2023:i:3:p:764-769
    DOI: 10.1177/0308518X231156910
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    1. Matthew Paterson, 2020. "Climate change and international political economy: between collapse and transformation," Review of International Political Economy, Taylor & Francis Journals, vol. 28(2), pages 394-405, October.
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    Cited by:

    1. Jennifer Bair, 2023. "Where is the world in the new state capitalism?," Environment and Planning A, , vol. 55(3), pages 770-773, May.
    2. Natalie Koch, 2025. "Authoritarian Developmentalism in the Digital Age: Selling Techno‐Futures and State Capitalism in the Gulf," World Affairs, John Wiley & Sons, vol. 188(4), December.
    3. Féliz, Mariano, 2025. "From development to dependency in Latin America. A critical stance on Argentina’s developmentalist experiences," World Development, Elsevier, vol. 189(C).

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