Critical analysis of transnational capitalism

Abstract

This study aims to analyze the development of capitalism since its beginning until reaching the highest stage in the processes of neoliberal economic globalization and its version of New Economy supported by information and communication technologies. By exposing the development from a perspective of critical analysis, the impacts and effects on individuals, communities and the Nation State are evaluated. Posteriorly the reaches of the transnational neoliberal capitalist model impositions are questioned and finally the conclusion is that a cultural revolution is needed to not accept the forms of domination, power and alienation of globalizing capitalism and to reconstruct the identity of communities through individual and collective action which asserts self-determination, independence and self-management.