Transnational Capitalist Class

The transnational capitalist class may also be referred to by a number of other different terms such as superclass or global ruling class. The transnational capital class is described as a segment of the international bourgeoisie that stands for transnational capital—the owners of transnational corporations, which in turn own the means of production globally, and the organizations, institutions and individuals who support this structure.

Many sources acknowledge that since the 1970s the global capitalist system or “world capitalism” has undergone a period of restructuring toward a more internationally oriented model in a process that has come to be known as “globalization.” Some would argue that the roots of globalization are much older and that international trade has always [Page 406]formed a key component of the economic ...