Adam Hanieh is Professor of Political Economy and Global Development at the Institute of Arab and Islamic Studies, University of Exeter, and Research Fellow at the Transnational Institute.
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While plastic dominates human consumption, the global economy will remain hooked on fossil fuels
Plastics, and the wider petrochemical industry, played a crucial part in the transformation of global capitalism from the mid-20th century onwards.
February 4, 2025
Crude capitalism: How oil greases the wheels of the world market
Put differently, oil’s power is assumed to derive from the natural properties of the commodity itself, separate from the social system that gives these properties meaning and significance.
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