Capitalism and its future: remarks on regulation, government and governance

TLDR

Capitalism’s dynamic, driven by wage relations and self‑valorization of capital, lacks a final telos, leaving its future open to structural changes, social struggles, external influences, and the continued survival of the national state as a form of meta‑governance. The article examines key changes in the government and governance of economics and politics. It analyzes the denationalization of statehood, partial de‑statization of politics, and internationalization of policy regimes. Keywords: Capitalism, Class Struggle, Governance, National State, Regulation, Societalization.

Abstract

Abstract The article relates capitalism's distinctive dynamic to the nature of the wage relation and self-valorization of capital. Capitalism has no final telos: its future remains open in the face of structural changes and social struggles. This source of capitalist dynamism also opens it to external influence. Some key changes in the 'government and governance' of economics and politics are also discussed. These include: the denationalization of statehood, a partial de-statization of politics, and the internationalization of policy regimes. Among counter-trends are the survival of the national state as an instance of meta-governance. Keywords: CapitalismClass StruggleGovernanceNational StateRegulationSocietalization