In the realm of historical capitalism, a notable and intricately woven relationship comes to light between the cycles of accumulation and cycles of hegemony. This connection becomes apparent due to the significant impact of decentralized accumulation on the decentralization of ‘global’ political organization. Drawing from Hannah Arendt’s insights, the perpetual accumulation of capital necessitates an ongoing accumulation of power to ensure protection. This interwoven dependency paints a vivid analogy of these cycles as akin to Siamese twins, sharing a single body while possessing distinct heads.

As a result, the imperative lies in comprehending the ‘logic of capital,’ which assumes a pivotal role, much like the understanding of the ‘logic of territory.’ This twofold understanding stands as a crucial tool for dissecting the intricate dynamics of hegemonic rivalries, a realm that characterizes our current era.