The Crisis Era in Market State Terms

The Crisis Era in Market State Terms

My last post looked at the strategic theory of Philip Bobbitt, and his idea that we are in an era of transition from the nation state to the market state. Here is how I think he would explain the recent political upheavals.

Birth Pangs Of The Market State

The U.S. victory over the U.S.S.R. marked the end of the nation state era. Even as this final conflict resolved, the new market state was coming into existence, a reaction to the change in the strategic landscape wrought by the very technologies that had allowed the U.S. to prevail – weapons of mass destruction, global communications, and advanced computers.

Where the nation state derived its legitimacy from managing the national economy to advance the welfare of its citizens, the market state seeks to maximize economic opportunity for its citizens while advancing their safety and security. Nationalist economic policy was no longer viable in a world of information overload and superempowered individuals.

The governments of the world are straining as this regime transformation takes place. In the United States, a TV celebrity con artist exploited the anxieties of the public to rise to the office of the Presidency, with a corrupt and kleptocratic agenda that threatens to bring about a Constitutional crisis. The young and fragile European Union is near collapse, and the old alignments, alliances and conventions of the nation state order are in question.

What form will the market state take in the end?

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