Capital accumulation and the occupation of global markets (original) (raw)

2011

Abstract

The logic of the process of expanded accumulation of capital in the manner described by Marx can explain the phenomenon of accumulation on a global scale. The processes of accumulation, concentration and centralization of capital are inherent to the way capital operates, nationally and internationally, are mechanisms that transmit the contradictions of capitalist production. The effective agent of this movement is Capital, embodied in individual capital holdings that are increasingly concentrated and centralized. These are large multinational companies operating in oligopolistic markets, controlled by professional executives, that now lead the process of accumulation worldwide. The process of global-scale accumulation is the result of the very nature of capital accumulation, which does not take into account geographical-political boundaries in its expansion. By virtue of this movement, capital constantly reproduces its contradictory characteristics of accumulation, occupying local, ...

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