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

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.