This book is the first to clarify the essential meaning and serious impact of globalization at the most abstract level from the point of view of Polanyi's three socioeconomic principles of exchange, reciprocity, and redistribution. The book also gives a theoretically coherent explanation of the evolution of the market economy and capitalist economy with respect to the advancement of commodification through Marx's internalization of the market into the community and state. The outcomes of globalization are disastrous in the socioeconomic, cultural, and ecological realms. In the twenty-first century, therefore, a post-capitalist, cooperative market economy mediated by new forms of money as communication media must be achieved. These new media will include community currencies and local exchange trading systems (LETS) that can maintain the merits of money and the market and can overcome the defects of free investment capitalism.weiterlesen