In this episode, we welcome Ilias Alami to discuss state capitalism and his new book, co-authored with Adam Dixon, The Spectre of State Capitalism. We discuss why we are currently witnessing a historic arc in the trajectories of state intervention, characterised by a drastic reconfiguration of the state's role as promoter, supervisor, shareholder-investor, and direct owner of capital across the world economy. We discuss why the new state capitalism is rooted in deep geopolitical economic and financial processes pertaining to the secular development of global capitalism, as much as it is the product of the geo-economic agency of states and the global corporate strategies of leading firms. We discuss the growing fusion of private and state capital, and the development of flexible and liquid forms of property that collapse the distinction between state and private ownership, control, and management. This has fundamental implications for the nature and operations of global capitalism and world politics.
Takeaways
Adam Smith's Panmure House: Website
Adam Dixon: On X On LinkedIn
Ilias Alami: On X On LinkedIn
