A Savage Sorting of Winners and Losers, and Beyond
A Savage Sorting of Winners and Losers, and Beyond
This chapter integrates political economy with the spatial transformations of capital accumulation on a global scale in analyzing the winners and losers of the “savage sorting.” It views the world in which governments, especially in rich countries, support or even produce intensive privatization and mirror this in their regulatory and tariff policies. Rich governments typically combine advocacy for free trade with fiscal policies that make financing available for efforts to extend profit extraction into what had previously seemed unlikely domains. But at the same time, those economies are being subjected to new sorts of globalization that both challenge the tools governments use to manage domestic affairs and move entire sectors of production from one country to another. In less rich countries, the expansion of capitalist investment can offer opportunities—as it has in China.
Keywords: capital accumulation, savage sorting, rich countries, intensive privatization, tariff policies, free trade, globalization, capitalist investment
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