WTO Regime as a New Stage of Imperialism: Decaying Stage of Capitalism

Big business corporations as monopoly capital control more than half of the world market share in major industries. In addition, with the establishment of the WTO (World Trade Organization) monopoly capital won governance over “trade rules.” This ushered in a new era of corporate globalization. First, corporate globalization is characterized as a new stage of imperialism. Second, it can be characterized as a decaying capitalism. It does not secure a stable and sustainable life; on the contrary, it destroys it, because economic and political power, and therefore income, is concentrated in the monopoly capital. Therefore, for the people to realize a sustainable and stable community life, the corporate globalization regime must be abolished and the community must regain its governing power. This is a new strategy called localization, which is an alternative to the corporate globalization.

Pluto Journals

2010-10

English(eng)

journal article

VoR

AA12488771

World Review of Political Economy

1

3

485

499

010a Journal Articles　=　雑誌掲載論文

https://hdl.handle.net/10086/22161