Abstract The COVID–19 pandemic led to debates within International Relations (IR) as to the extent to which it would cause a rupture in the so-called liberal international order (LIO). This article is concerned with why such a rupture did not occur and draws on theories of racial capitalism to answer this question. It explores the political economy of three dynamics of the global response to the pandemic—lockdowns, border controls and vaccine distribution—and argues that rather than causing a rupture, COVID–19 has reinscribed various domestic and global racial hierarchies. The global divisions of labour and hierarchies of expendability that manifested in the unequal burdens of COVID–19; the border policies that both included and excluded based on racialized notions of who carries disease and the necessity of keeping capital in circulation; and the intellectual property regime and profit motives of pharmaceutical companies that led to inequitable vaccine distribution, are all intimately linked with key ideational and material institutions of the LIO. By drawing theories of racial capitalism into the IR literature on global health, the article points to the need for domestic and global health policy to address the deep-rooted racial inequities that characterized the COVID–19 pandemic ahead of future disease outbreaks.
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