A Political Economy Critique of the Globalizing Impact of the World Economic Forum

The World Economic Forum has been questioned and criticized for its influence on globalization for many years, but it has not received sufficient attention from the academic community. In Marx’s capital accumulation theory, this study constructs a theoretical framework for systemically critiquing the “spatio-temporal fix” logic of international monopoly capital. Historical materialist analysis unveils the WEF’s structural incapacity to mediate the endogenous dual paradox engendered by globalized capital accumulation. It indicates that the so-called “international economic cooperation and exchange” it promotes is, in essence, the reconstitution of an accumulation system through which monopoly capital groups transfer surplus value through geographical expansion.