Overview

By situating Iran within the neoliberal global capitalism and resulting geopolitics, this book traces the patterns of capital accumulation and transformations in class and state formation emanating from it. It shows that Iranian neoliberalisation has brought about two capital fractions, namely the internationally-oriented capital fraction and the military-bonyad complex. It substantiates that the co-existence of these competing class fractions with different accumulation strategies has generated hybrid neoliberalism. The book further demonstrates how this new class formation has reorganised the function and operation of state institutions and transformed state ideology. By documenting the ways in which Iranian neoliberalisation has reshaped the subaltern classes and formed Iran's volatile foreign policy, it also provides a novel account of major events and processes in contemporary Iran, such as the post-2017 wave of uprisings, the nuclear programme and international sanctions.

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9781526161789

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Reviews

'This is a powerful and highly original account of Iran’s political economy. Unlike so much analysis and commentary on Iran, Valadbaygi carefully situates processes of domestic class formation and the country’s deep social antagonisms within the development of the wider capitalist world market. This deeply insightful re-telling of Iran’s history - stretching from the 1979 revolution through to the recent ‘Women, Life, Freedom’ revolts - is a must-read for understanding Iran’s place in the current global order, as well as the country’s ongoing and fractious political struggles.' Adam Hanieh, University of Exeter 'Capitalism in contemporary Iran provides an original account of the modern Iran that rethinks its complex development and revolutionary ruptures through the wider dynamics of global capitalism and its geopolitical sinews. The first book-length application of the philosophy of internal relations to capitalist development in Iran, Capitalism in contemporary Iran synthesises the global and the local to rethink Iran beyond exceptionalism and culturalism through the intersection of social classes, the state, and global capitalism. Capitalism in contemporary Iran is a must read for academics, students and political practitioners alike.' Kamran Matin, University of Sussex 'With Capitalism in Contemporary Iran Kayhan Valadbaygi delivers the most influential single book on the making of contemporary Iran and therefore the most valuable in helping us to understand the geopolitics of our times.' Adam David Morton (University of Sydney), co-author with Andreas Bieler of Global Capitalism, Global War, Global Crisis. 'This book successfully situates Iran in the global history and historical sociology of capitalism. A must-read for anyone interested in Iran.' Ayse Zarakol, University of Cambridge -- .

Author Information

Kayhan Valadbaygi is a Lecturer in International Relations of the Middle East in the Institute for Area Studies (LIAS) at Leiden University

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