Comments on: Assessing the ‘Return’ of the State: Bringing Class Back In /2020/04/07/assessing-the-return-of-the-state-bringing-class-back-in/ A Critical Perspective On Development Economics Wed, 08 Apr 2020 03:56:34 +0000 hourly 1 http://wordpress.com/ By: COVID-19 Dispatch #12 – Pubheal /2020/04/07/assessing-the-return-of-the-state-bringing-class-back-in/comment-page-1/#comment-5178 Wed, 08 Apr 2020 03:56:34 +0000 http://developingeconomics.org/?p=4389#comment-5178 […] Assessing the ‘Return’ of the State: Against the backdrop of these developments, the idea of ‘bringing back the state’ or the ‘return of the state’ came to the fore once again. It is argued that ‘the return of government to centre stage marks the close of an era in which power and responsibility migrated from states to markets’. This reading reflects a dichotomous understanding of the state and market as two opposed forms of social organisation, and it is a recurrent theme in economic journalism and conventional academic analysis on (global) political economy. It is striking that we saw very similar analyses from the same circles in the aftermath of the 2008 global financial crisis. However, the years following the brief ‘interventionist’ moment after the 2008 crisis proved that states and markets are forms of the same antagonistic social relations between capital and labour. Indeed, the response was further neoliberalism with an increasingly authoritarian character, against the background of social discontent. […]

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