Abstract

World-systems scholars are increasingly engaged in issues at the intersection of ecological and economic concerns since the proliferation of debates on the Anthropocene. Recently, the alternative concept of Capitalocene—age of Capital—has emerged to draw attention to the world-ecological disruption of capitalism founded on cheap nature appropriation at ever-emerging extraction zones. This paper extends these discussions to the oceanic frontier, as the latest trend in the abstraction of value from the environment. Based on original archival research conducted in the context of a larger ethnographic project on the politics of industrial desalination—creating potable water from the sea—the article analyzes how this practice emerged in two phases. First, the Cold War opened the ocean as a commodity frontier during the pax Americana. Then, when this technopolitical agenda stagnated, financialization techniques were deployed to appropriate seawater, utilizing a mode of financial engineering—desalination via financialization reinstates the cultural hegemony of the Capitalocene that privileges infrastructure for water supply management solutions. As such, the article highlights the co-production of nature with financial capitalism.

Highlights

  • This journal is published by the University Library System, University of Pittsburgh as part of its D-Scribe Digital Publishing Program and is cosponsored by the University of Pittsburgh Press

  • Based on original archival research conducted in the context of a larger ethnographic project, the article uses the case of desalination to analyze how it emerged in two phases

  • The Cold War opened the ocean as a commodity frontier as part of the pax Americana

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Summary

Introduction

This journal is published by the University Library System, University of Pittsburgh as part of its D-Scribe Digital Publishing Program and is cosponsored by the University of Pittsburgh Press. In contributing to world-systems research, this article aims to open new avenues for research within the world-systems perspective, and into movements shaping the “struggles for blue gold” witnessed in core and periphery contexts (Poupeau et al 2018; Spronk and Webber 2007; Sultana and Loftus 2013) This historical examination empirically deepens the postulates of Moore’s Capitalocene thesis, as he proposed to study socioecological problems as emergent through the contingent relations of humans and nature furthering our understanding of how the “history of capitalism has been one of recurrent frontier movements to overcome that exhaustion [of the webs of life], through the appropriation of nature’s free gifts hitherto beyond capital’s reach” (Moore 2011: 109). Moore’s framework allows for a more complete vision of historical processes that are driven by accumulation strategies and crises, and by technological advancements, local and regional ambitions, as well as resource scarcity

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