In the Zone: On Quinn Slobodian’s Crack-Up Capitalism and the Spaces of Political Economy

Robert Fredona and Sophus A. Reinert

Business History Review, 2024, vol. 98, issue 2, 535-584

Abstract: Quinn Slobodian has established himself as a leading historian of neoliberalism. Crack-Up Capitalism continues where his Globalists left off, but shifts focus from visions of global ordering to the fragmentation of the world into special economic zones (SEZs). In Slobodian’s provocative analysis, SEZs become a late neoliberal solution to the entrenched problem of democracy at the nation-state level. We follow Slobodian into the zone, thinking with him about the spatial dimensions of contemporary political economy. Although we problematize the disjuncture between Crack-Up Capitalism’s group biography of market radicals and its analysis of zones as a global economic reality, our intent is not to critique Slobodian, but to use his new book as a jumping off point to foreground other possible frames for understanding the zone: a longue durée historical outlook that can help de-exceptionalize the zone as a phenomenon of late neoliberalism, a focus on the internal diversity and political possibility of the zone form, and an emphasis on the causal link between the recent proliferation of zones and the ascendance of export-oriented industrialization as a global development paradigm.

Date: 2024
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