New Times or new circuits: recovering Sivanandan’s political economy

In 1990, A. Sivanandan published an essay subtitled ‘The hokum of New Times’, which took aim at Stuart Hall and Martin Jacques’ theorisation of Thatcherism and the neoliberal revolution. Central to this criticism was Sivanandan’s decade-long tracing of the ‘new circuits of imperialism’ that had been engendered by a new global division of labour and hierarchies of production, technological change and the domestic fall-out of such processes in forms of British state racism and racialised forms of exploitation. Although Hall’s work has diffused into the field of international political economy, Sivanandan’s take has largely been neglected. This article, developed from a presentation at the ‘New Circuits of Anti-racism Conference’, King’s College, London, October 2022, will briefly return to the Hall and Sivanandan debate to help foreground Sivanandan’s international political economy and also highlight how it took racism and imperialism to be integral to the neoliberal order in Britain and beyond. It will show how Sivanandan’s anti-racist and anti-imperial international political economy can help us to frame and understand the current crisis of neoliberalism from the vantage points of ‘over here, and over there’, and how thinking with and through international political economy must be at the heart of contemporary anti-racism’s address of the current crisis of capital.