Development,Capitalism Transformation and Marxism

Development,Capitalism Transformation and

Economic institutions,systems and economic organizations cannot be approached independently of their cultural,social and historical contexts.The historical development of capitalism in the West was inseparable from a culture of individualism whose success was propelled by the myth of control and accumulation with the entrepreneurs as the central actor.Without such cultural support,the transposed capitalist system in sub-Saharan Africa and the Arab world only leads to self-destruction of the regenerative capacities of the economy and local society.With the increased importance of human resources and organizational cultures,today's innovative-immaterial capitalism requires a paradigm shift in political economy,a re-composition where the cultures,the modes of communication and coordination,the importance of the belonging and the network as well as those of shared knowledge at the base are taken into consideration.