{"title":"The state in global capitalism before and after the Covid-19 crisis","authors":"Bastiaan van Apeldoorn, Naná de Graaff","doi":"10.1080/13569775.2021.2022337","DOIUrl":null,"url":null,"abstract":"ABSTRACT The Covid-19 crisis has once again brought the role of the state in the capitalist economy to the fore. Rather than viewing this as a ‘return of the state’, this article conceptualises the current dynamic in terms of a reconfiguration of the roles the state plays, distinguishing between a market-creating, a market-correcting, a market-intervening, and a market-directing role, with each role having both an internal and an external dimension. This conceptual mapping of the diversity of state-capital configurations is then applied to offer a novel reading of the recent capitalist state trajectories of the US and of China. We conclude that there is – notwithstanding persistent differences – a relative convergence inasmuch as the still strongly market-directing Chinese state also has at the same come to embrace a global market-creating role, while the US is now also showing signs of a stronger emphasis on market-direction.","PeriodicalId":51673,"journal":{"name":"Contemporary Politics","volume":null,"pages":null},"PeriodicalIF":2.3000,"publicationDate":"2022-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"14","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Politics","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1080/13569775.2021.2022337","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 14
Abstract
ABSTRACT The Covid-19 crisis has once again brought the role of the state in the capitalist economy to the fore. Rather than viewing this as a ‘return of the state’, this article conceptualises the current dynamic in terms of a reconfiguration of the roles the state plays, distinguishing between a market-creating, a market-correcting, a market-intervening, and a market-directing role, with each role having both an internal and an external dimension. This conceptual mapping of the diversity of state-capital configurations is then applied to offer a novel reading of the recent capitalist state trajectories of the US and of China. We conclude that there is – notwithstanding persistent differences – a relative convergence inasmuch as the still strongly market-directing Chinese state also has at the same come to embrace a global market-creating role, while the US is now also showing signs of a stronger emphasis on market-direction.