ABSTRACT

According to Fredric Jameson, in a capitalist society, commodification becomes tendentially universal, and one can speak of the tendential dominion of the commodity form. Similarly, Wallerstein Immanuel points out that "the process of global accumulation is developing via the com-modification of everything". The world market is, therefore, a crucial development in capitalism, its central mechanism, and it is fair to say that in the last decades it finally developed in its entirety, constructing a universalized totality where everything can become subsumed under the rule of capital. Relatedly, between the globalizing capitalist economy and its extra-economic environment, there obtains an imbalance of power, if only because of superior dynamism and reach of the former. D. W. Smythe also stresses that all aspects of social and individual human life can be fully commodified and be drawn into the capitalist accumulation cycle, whether one wants and knows this or not.