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The next economic crisis

Digital Capitalism and Global Police State

Bibliographic Data

ID2357547
AuthorsWilliam I Robinson
Year2018
Volume60
Issue1
Pages77-92
Publication date2018-07-01
Open AccessYes
TypeARTICLE
VenueRace & Class (JOURNAL)
Journal identifiersISSN: 0306-3968 • E-ISSN: 1741-3125
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0306396818769016
OpenAlexW2801766053
LanguageEN
Citations received17
References cited2

Transnational capitalists and global elites are confident that the world economy has recovered from the 2008 financial collapse, but there is good reason to believe that another crisis of major proportions looms on the horizon. Digitalisation and fourth industrial revolution technologies are driving a new round of global capitalist restructuring, yet they are also aggravating the underlying structural conditions that generate crisis; in particular, overaccumulation. Transnational investors have been pouring billions of dollars into the rapid digitalisation of global capitalism as the latest outlet for its surplus accumulated capital and hedging their bets on new investment opportunities in global police state. The concept of global police state allows us to identify how the economic dimensions of global capitalist transformation intersect in new ways with political, ideological and military dimensions of this transformation. There is a convergence around global capitalism's political need for social control and repression and its economic need to perpetuate accumulation in the face of stagnation. When the next crisis hits, the Left and resistance forces from below must be in a position to seize the initiative and to push back at global police state

Capital (architecture · Capitalism · Capitalist state · Convergence (economics · Economic growth · Economic system · Economics · Financial crisis · Financialization · Globalization · Ideology · Keynesian economics · Market economy · Political economy · Political science · Politics · Restructuring · State (computer science · Elite Sociology and Global Capitalism · Law · State Capitalism and Financial Governance

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Citations per year2.13
Citation span2018 - 2026 (9)
Highly citedNo

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