Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State
To understand the capitalist state, often labeled as the “modern state,” it is imperative to analyze the relations of dialectical unification between the class nature of the state and its public character with the perspective of historical materialism. From the narrative logic of Capital , capitali...
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Pluto Journals
2025-05-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.16.2.0001 |
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| author | Shengsheng Wang |
| author_facet | Shengsheng Wang |
| author_sort | Shengsheng Wang |
| collection | DOAJ |
| description | To understand the capitalist state, often labeled as the “modern state,” it is imperative to analyze the relations of dialectical unification between the class nature of the state and its public character with the perspective of historical materialism. From the narrative logic of Capital , capitalist relations of production have a fourfold prescriptive nature that rises from the abstract to the concrete, and that endows the capitalist state with a fourfold, elastic structure: system, organization, operation, and discourse, with the result that the capitalist state acquires the false form of a defender of the public interest. The strategies of capitalist economic governance serve to embed capital accumulation in the process of expanded social reproduction, and allow it to dominate this process. Due to the historical limitations of the capitalist relations of production, however, the economic governance of the capitalist state includes a systemic boundary that cannot be crossed, and the accumulation and deepening of the contradictory movement of the aggregate social capital leads inevitably to the economic governance of the capitalist state experiencing systemic failure. |
| format | Article |
| id | doaj-art-8b0b8ffa619c4d14867680f4208d8c70 |
| institution | OA Journals |
| issn | 2042-891X 2042-8928 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj-art-8b0b8ffa619c4d14867680f4208d8c702025-08-20T02:22:40ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282025-05-0116217019810.13169/worlrevipoliecon.16.2.0001Basic Orientations and Institutional Failures of Economic Governance in the Capitalist StateShengsheng WangTo understand the capitalist state, often labeled as the “modern state,” it is imperative to analyze the relations of dialectical unification between the class nature of the state and its public character with the perspective of historical materialism. From the narrative logic of Capital , capitalist relations of production have a fourfold prescriptive nature that rises from the abstract to the concrete, and that endows the capitalist state with a fourfold, elastic structure: system, organization, operation, and discourse, with the result that the capitalist state acquires the false form of a defender of the public interest. The strategies of capitalist economic governance serve to embed capital accumulation in the process of expanded social reproduction, and allow it to dominate this process. Due to the historical limitations of the capitalist relations of production, however, the economic governance of the capitalist state includes a systemic boundary that cannot be crossed, and the accumulation and deepening of the contradictory movement of the aggregate social capital leads inevitably to the economic governance of the capitalist state experiencing systemic failure.https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.16.2.0001 |
| spellingShingle | Shengsheng Wang Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State World Review of Political Economy |
| title | Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State |
| title_full | Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State |
| title_fullStr | Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State |
| title_full_unstemmed | Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State |
| title_short | Basic Orientations and Institutional Failures of Economic Governance in the Capitalist State |
| title_sort | basic orientations and institutional failures of economic governance in the capitalist state |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.16.2.0001 |
| work_keys_str_mv | AT shengshengwang basicorientationsandinstitutionalfailuresofeconomicgovernanceinthecapitaliststate |