Western analysts often regard the Gulf as a strange anomaly among capitalist states. In fact, it has the same underlying dynamics as capitalist countries elsewhere, and it is powerfully shaping the politics of the Middle East.
For an analysis of the state of the Gulf's political economy, Hamza Culin spoke with Adam Hanieh. His most recent book, Money, Markets, and Monarchies, examines how the six states of the Gulf Cooperation Council are shaping the political economy of the wider Middle East. Here, he discusses the specific nature of Gulf capital, its role in regional and global markets, and its future in a post-COVID-19 world.- IV547 - August 2020 / Saudi Arabia, Economy, Marxism, Middle East