Time and Space in the Globalization of Capital and Their Implications for State Power.

Jessop, Bob (2002) Time and Space in the Globalization of Capital and Their Implications for State Power. Rethinking Marxism, 14 (1). pp. 97-117. ISSN 0893-5696

Abstract

This contribution has three main aims, which are pursued at progressively greater length. First, I define globalization as a basis for my own interrogation of its nature, causes, and consequences. Second, I argue, only partly in a willfully contrarian spirit, that the spatial turn associated with the interest in the globalization of capital has been overdone and that a temporal (re)turn is overdue: time and temporality are at least as important as, if not more important than, space and spatiality in the logic of economic globalization. I ground this claim in the nature of the capital relation and its contradictions. Third, I explore the implications of this approach for some spatiotemporal contradictions of globalization and their implications for national states as these become more involved in promoting globalization and managing its repercussions.