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Resumo

Questions of sovereignty are unavoidable when considering the production of social power within the context of modernity and globalization. If sovereignty refers to the existence of a highest or supreme power over a set of people, things, or places, then we ought to question whether sovereignty can be legitimately 'located' in an agent like a state. Is not supremacy more accurately associated with the structures of relations that set the terms for - or are constitutive of - a domain of social existence (bodies of law or webs of codes)? This social sovereignty offers us a way to understand not only how both state and nonstate actors can together be central to the governance of social domains, but also how communities can fashion sovereign 'societies' as opposed to states. The case of globalized financial markets is explored as a pointed example of a transboundary form of social sovereignty.

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