Journal of Law and Political Economy

Using the 2015 arbitral award in von Pezold v. Zimbabwe as its starting point, this piece reflects on the relationship between racial capitalism and international law. Stressing the particularities both of this specific case and of the field of investment arbitration, I nevertheless argue that the tribunal’s finding that Zimbabwe’s land redistribution program had been racially discriminatory against white commercial farmers is symptomatic of broader argumentative structures in international law. In particular, I suggest that it was three argumentative moves that led to this perverse outcome: a temporal fencing of racism, a spatial containment of racism and, finally, a strict conceptualization of racism as prejudice pertaining to “skin color.” The combination of these three moves allowed the arbitrators to artificially separate the question of race/ism from questions of property and wealth distribution, capitalist accumulation, and exploitation. Far from being aberrational, these three moves are commonplace in (neo)liberal domestic and international legal systems and contribute to the invisibilization of racial capitalism as a structure of dispossession, exploitation, and abandonment.