The Logic of World Capitalism

An attempt at recomposition of the long wave theory

Abstract

The “world-system” theory, in which the development pattern of each “nation-state” is determined by its location in the system, has been criticized of its holist framework. In this paper, by contrast, “national societies” are patternized in accordance with their ways of transition to capitalism and endogenous class relations. And then changes of world capitalism are tried to suggest as results of those of “national societies” relations.
In order to attain this aim, the renewal of whole solid capital as a system is combined with industrial relations and the long wave theory is recomposed, factors of class struggles, state intervention and ideology being taken into consideration.
As a result, it is theoretically explained that at the “down” phase of long wave a “national society” which has the initiative is likely to be replaced and the capitalist developments of societies in the “semi-periphery” and/or “periphery” may be influenced.