ABSTRACT
This chapter analyses the class dynamics of capitalist development and the resistance on the new frontier of extractive capital that has opened up with the primary commodities boom at the turn into the new millennium. It includes David Harvey's concept of accumulation by dispossession. The chapter outlines dynamics of a transition from the Washington Consensus on the virtues of free-market capitalism towards a new consensus regarding the need to 'bring the state back into the development process in order to secure a more inclusive form of development'. It describes what might be understood as the new geoeconomics of capital in the region. The chapter ends with a brief review of the dynamics of struggle and resistance against capitalism in its extractive and neoextractive form. The explosion of foreign direct investment in the extractive sector responded to a growing demand on the world market for commodities.
