Real (E)State - valuing a nation under imperial rentier capitalism
That nation states have a market value may appear non-sensical to international lawyers, who rely on concepts such as sovereign equality to identify the formal position of a state in the so-called international community. In this chapter, I explore the relationship between international law and impe...
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| Format: | Book |
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Routledge
1480
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| Online Access: | http://wrap.warwick.ac.uk/168904/ http://wrap.warwick.ac.uk/168904/7/WRAP-Real-%28E%29State-valuing-nation-under-imperial-rentier-capitalism-Schw%C3%B6bel-2023.pdf |
| Summary: | That nation states have a market value may appear non-sensical to international lawyers, who rely on concepts such as sovereign equality to identify the formal position of a state in the so-called international community. In this chapter, I explore the relationship between international law and imperialism as key components in the transformation of the state into facilitator of rent-seeking practices – a process, which determines the value of a nation. I argue that a web of international laws intersect that support a global stratification of rentier capitalist states and those from which they extract value. Central to this order is the propertisation of certain territories. To explain imperial rentier capitalism, I describe the historical and contemporary propertisation of Greenland – a topic that gained some attention in 2019, when President Trump expressed his intention to buy Greenland as part of a ‘real estate deal’. |
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