CAPITAL, LABOR, AND LAND IN THE DIGITAL TRANSITION - OCTOBER 2024

This phase of hyper-globalization and deterritorialization began to reverse after the 2008 subprime crisis, the aftermath of which saw the beginning of the deglobalization period of today. [...] In contrast to previous trends of globalization, which often diminished the importance of borders and territorial control, reterritorialization emphasizes the reassertion of territorial boundaries and sovereignty in the face of rising international rivalry, and this trend has been exacerbated by the ‘perfect storm’ of globally reaching shocks: the pandemic, the outbreak of regional wars in Ukraine. [...] This phenomenon lies at the root of social discontent and 7 Policy Center for the New South Capital, Labor, and Land in the Digital Transition the rise of anti-immigration and far-right movements in various countries. [...] The difference—offering a glimmer of hope—is that market intervention in cities directly affects the daily lives of an increasing majority of the world’s population, making the occupants of urban land capable of eventually rising as a force of resistance in favor of new forms of capital distribution and reproduction. [...] ABOUT THE POLICY CENTER FOR THE NEW SOUTH The Policy Center for the New South (PCNS) is a Moroccan think tank aiming to contribute to the improvement of economic and social public policies that challenge Morocco and the rest of Africa as integral parts of the global South.