Money, Markets, and Monarchies

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A Socialist Project e-bulletin ... No. 1730 ... December 27, 2018
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Money, Markets, and Monarchies:
Interview with Adam Hanieh

Jadaliyya (J): What made you write this book?

Adam Hanieh (AH): I have long felt that the nature of the Gulf Cooperation Council (GCC) states is poorly understood in mainstream media commentary and in much of the political debate around the Middle East, often reduced simply to the Gulf’s oil and gas exports, ruling family intrigues, or the role of religion. In the aftermath of the Arab uprisings, it has become patently clear how important these states are to the Middle East’s future trajectories, but a lot of discussion around this focuses on the most overt manifestations of the Gulf’s power projection in the region -- the Gulf’s role in various wars and conflicts, for example, or... the support of Saudi Arabia and the United Arab Emirates to post-uprising regimes such as Sisi’s military government in Egypt.

In writing this book, I hoped to demonstrate the importance of a political economy perspective to these debates, with a focus on the ways that the Gulf’s position as a critical site of capitalism in the Middle East is shifting patterns of accumulation throughout the wider region. I think the political implications that flow from this are (and will continue to be) immense. To this end, I sought to provide an empirically-grounded examination of particular sectors that are critical to the contemporary Middle East, while also exploring a key theoretical issue: how do we conceptualize the linkages between capital accumulation and processes of class and state formation across national, regional, and global scales?

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