This article takes a fresh look at the multiple power relations between state, capital and labor in global production networks. Moving beyond debates about public vs. private governance, it brings together Antonio Gramsci’s concepts of hegemony and the integral state with Michel Foucault’s concepts of governmentality and the “dipositive” in order to analyze the power topologies that permeate global production networks. Using the Cambodian garment production network as example, we scrutinize the discourse of “decent work” and “ethical manufacturing,” exemplified by the Better Factories Cambodia program, and discuss the implications for labor agency, power and political contestation. The article concludes with reflections on “governmentalizing Gramsci,” thinking power topologically and the value of a cultural political economy in the analysis of global production networks.