State sovereignty itself functions as a marketable natural resource.

Evidence

Nevada is, in a way, an extreme example. Nevada is a large but barren state, mostly mountain and desert. It was admitted to the union in 1864. There is some mining in Nevada and some cattle here and there munch at sparse grasses, but basically there is not much to do for a living in the state. The population in 1900 had fallen to about 42,000. Still, this wilderness of sagebrush and ghost towns had one great ace in the hole: it was a sovereign state, like all the others. It had a governor and a legislature. It had the power to pass whatever laws it wanted. This was a kind of natural resource, just as much as silver or gold. — Lawrence M. Friedman and Grant M. Hayden, American Law, 663

Categorization

• XREF: connects to: States’ rights functions as a political slogan, not a settled ideology. — Lawrence M. Friedman and Grant M. Hayden, American Law: An Introduction, 699; Under Ordoliberalism the state itself is defined and supervised by the market. — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 113; State power derives from sovereign capabilities, not merely economic wealth — Anthony Giddens, The Consequences of Modernity, 181 (+6 more)

Broader Connections

• Neo-liberalism’s real objective is the market’s formalization of the state and society #expands (0.82) — Michel Foucault, The Birth of Biopolitics, 678
• Under Ordoliberalism the state itself is defined and supervised by the market. #complicates (0.80) — Wendy Brown, Undoing the Demos, 113
• State power derives from sovereign capabilities, not merely economic wealth #complicates (0.75) — Anthony Giddens, The Consequences of Modernity, 181
• Political economy founded itself on the impossibility of an economic sovereign #complicates (0.75) — Michel Foucault, The Birth of Biopolitics, 1456
• The neoliberal state governs for the market, not because of it. #expands (0.75) — Wendy Brown, Undoing the Demos, 111
• State sovereignty is defined and limited by existing international rules. #qualifies (0.72) — HLA Hart, The Concept of Law (Clarendon Law…, 522
• The EU adopts market language to bypass member-state sovereignty constraints. #exemplifies (0.72) — Ève Chiapello, Financialisation of Valuation, 106
• Neoliberal freedom amounts to submission to market sovereignty enforced by price fluctuations #expands (0.70)