The chapter discusses shifting trends in global migration and the precarization oflabour on the background of processes of commodification and recommodification, against a theory of a neoliberal ‘regulatory state’. It explores aspects of the other side of thi sproblem in terms of perspectives for, to paraphrase Polanyi (2001 [1944]), a countermovementof, for, or with the migrant precariat. Reviewing processes leading up to the confirmation of the Global Compact for Safe, Orderly and Regular Migration (GCM 2018 ) and the subsequent  UN International Migration Review Forum, the authors ask what space there is for migrant rights movements in the global governance of migration and discuss the handling of the discursive emblemof ‘human rights’ in the context.