ABSTRACT
The economic crisis accelerated the commodification of personal and relational data. Under the spectre of an environmental crisis, the “green economy” is also heating up. Nurtured by state policy and subsidies, these sectors are scheduled to be the drivers of accumulation. During the pandemic, the universal lack of reserves across the economy and society aggravated the twin crises. Combined with severe disruption of supply chains, it questions the viability of just-in-time production models. Supply chain disruption also points to a process of de-globalisation, exacerbated by generalised malfunction of supranational directorates and rising protectionism. Capitalist integration is reversed; and the national (or regional) folder emerges as the predominant framework for economic policy. This will cause structural tensions between economic policy and capital's inherent expansive tendency. Finally, during the crisis, the state did embark on countercyclical interventions, but did so only in order to preserve a neoliberal economy. Moreover, countercyclical interventions were designed to transfer wealth from society to capital and are matched with robust policies against labour. Thus, the emerging economic policy is dual: welfare for capital; workfare for everyone else.
