Skip to main content
Work with the NEU
Chokepoint canals: How climate and politics threaten global shipping
Man-made canals like Panama and Suez face unprecedented challenges from extreme weather patterns and geopolitical tensions that reveal the fragility of our global trade networks, write ROX MIDDLETON, LIAM SHAW and MIRIAM GAUNTLETT
MORE THAN A WATERWAY: The Agua Clara (Clear Water) locks on Gatun Lake, Panama Canal in September 2019 [Mariordo (Mario Roberto Duran Ortiz)/CC]

IN today’s modern, globalised world, we often take for granted that many of the commodities we use in daily life begin as raw materials thousands of miles away. These raw materials require extraction, assembly and, crucially, transportation before they are placed on the consumer market to be sold.

Marx’s second volume of Capital emphasises the importance of circulation as an essential feature possessed by capital: “Capital as self-expanding value embraces not only class relations... It is a movement, a circulatory process going through various stages.”

Globalisation has meant that transportation of capital in the commodity-form is something that occurs on a worldwide scale. Key to the transport of commodities (everything from computers to clothes to petrol) are global shipping routes.
 
The Panama Canal is an artificial waterway created through the narrow strip of land in Central America that separates the Pacific Ocean from the Caribbean Sea. It is an essential conduit for maritime trade, meaning that ships can circumvent the long and dangerous route around the southernmost tip of South America when travelling from the Pacific Ocean to the Atlantic Ocean.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Cranes load a cargo ship at Panama Canal's Port of Balboa, managed by CK Hutchison Holdings, in Panama City, January 30, 2026
Central America / 21 August 2026
21 August 2026
drought
Editorial / 9 August 2026
9 August 2026
A pharmacy sign shows in Bordeaux, southwestern France, June 23, 2026
Climate / 30 June 2026
30 June 2026

Extreme heat is now one of the defining public health challenges of a warming world, explains Prof IAN WILLIAMS

BY ANY MEANS POSSIBLE: Yanaocha mine in Cajamarca, Peru is the largest gold mine in South America operated by Newmont Corporation. It is considered the most profitable in the world [Pic: Elbuenminero/CC]
Books / 9 September 2025
9 September 2025

JOE GILL appreciates a lucid demonstration of how capital today is an outgrowth of the colonial economy