"WTO REGIME AS A NEW STAGE OF IMPERIALISM: DECAYING CAPITALISM AND ITS ALTERNATIVE"

Yasuo Fukuda

Research output: Contribution to journalArticle

Abstract

"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."
Original languageEnglish
Pages (from-to)485-489
Number of pages5
JournalWorld Review of Political Economy
Volume1
Issue number3
Publication statusPublished - 2010
Externally publishedYes

Fingerprint

imperialism
capitalist society
monopoly
globalization
regime
economic power
political power
community
corporation
governance
income
industry

Keywords

  • corporate globalization
  • monopoly capital
  • imperialism
  • localization
  • WTO

Cite this

"WTO REGIME AS A NEW STAGE OF IMPERIALISM: DECAYING CAPITALISM AND ITS ALTERNATIVE". / Fukuda, Yasuo .

In: World Review of Political Economy, Vol. 1, No. 3, 2010, p. 485-489.

Research output: Contribution to journalArticle

@article{60270e4b2187412fac39d73b1c3055af,
title = "{"}WTO REGIME AS A NEW STAGE OF IMPERIALISM: DECAYING CAPITALISM AND ITS ALTERNATIVE{"}",
abstract = "{"}Big business corporations as monopoly capital control more than half of the worldmarket share in major industries. In addition, with the establishment of the WTO (World TradeOrganization) monopoly capital won governance over “trade rules.” This ushered in a new eraof corporate globalization. First, corporate globalization is characterized as a new stage ofimperialism. Second, it can be characterized as a decaying capitalism. It does not secure a stableand sustainable life; on the contrary, it destroys it, because economic and political power, andtherefore income, is concentrated in the monopoly capital. Therefore, for the people to realizea sustainable and stable community life, the corporate globalization regime must be abolishedand the community must regain its governing power. This is a new strategy called localization,which is an alternative to the corporate globalization.{"}",
keywords = "corporate globalization, monopoly capital, imperialism, localization, WTO",
author = "Yasuo Fukuda",
year = "2010",
language = "English",
volume = "1",
pages = "485--489",
journal = "World Review of Political Economy",
issn = "2042-891X",
publisher = "Pluto Journals",
number = "3",

}

TY - JOUR

T1 - "WTO REGIME AS A NEW STAGE OF IMPERIALISM: DECAYING CAPITALISM AND ITS ALTERNATIVE"

AU - Fukuda, Yasuo

PY - 2010

Y1 - 2010

N2 - "Big business corporations as monopoly capital control more than half of the worldmarket share in major industries. In addition, with the establishment of the WTO (World TradeOrganization) monopoly capital won governance over “trade rules.” This ushered in a new eraof corporate globalization. First, corporate globalization is characterized as a new stage ofimperialism. Second, it can be characterized as a decaying capitalism. It does not secure a stableand sustainable life; on the contrary, it destroys it, because economic and political power, andtherefore income, is concentrated in the monopoly capital. Therefore, for the people to realizea sustainable and stable community life, the corporate globalization regime must be abolishedand the community must regain its governing power. This is a new strategy called localization,which is an alternative to the corporate globalization."

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

KW - corporate globalization

KW - monopoly capital

KW - imperialism

KW - localization

KW - WTO

M3 - Article

VL - 1

SP - 485

EP - 489

JO - World Review of Political Economy

JF - World Review of Political Economy

SN - 2042-891X

IS - 3

ER -