Polycrisis or crises of capitalist social reproduction

Abstract

The term polycrisis has recently gained much interest in academia and policy-making circles as a perspective to understand the nature of ‘overlapping emergencies’ – geopolitical, ecological, pandemics and economic – that are disrupting policy and politics in the Global North and South. How do we understand the nature of these new forms of crisis? This provocation argues that polycrisis, while a good descriptive term for the overlapping emergencies that characterise the current conjecture, should be analysed in terms of the larger crisis of capitalist social reproduction. The polycrisis needs to be understood as a political crisis that arises from a contradiction between social reproduction and the crisis of capital accumulation. It leads to increasing authoritarian statist forms as well as the growing resistance and dissent that is a feature of the broken politics of time and distinguishes the multiple intersecting crises of the 21st century.