But the WTO is also an arena of interimperialist rivalry. Production, trade, and finance are more footloose. Its scope of effectiveness may be reduced. On the other hand, the world imperialist economy does not possess regulatory institutions commensurate with and adequate to its scope and complexity. The contradiction between internationalized accumulation and the national character of capital, far from being transcended, is intensified.
Capitalist accumulation is internationalized.
Capital export is the leading edge of the search for profitability. But these tendencies are not fully realized. Accumulation proceeds through monopoly , specifically the leading and activating role of finance capital and the existence of global monopolistic power relations in technology, finance, control of natural resources, communications, and armaments. It proceeds through rivalry , among corporations, banks, etc., and among national imperialist states. And accumulation proceeds through the division of the world into oppressor and oppressed nations .