It seems that the French people cannot find a way out now. Neither can the US. Capitalism seems to have reached a critical point, and although it will not disappear quickly, the future path is uncertain.
It seems that the French people cannot find a way out now. Neither can the US. Capitalism seems to have reached a critical point, and although it will not disappear quickly, the future path is uncertain.
Transitionary periods rarely rock. But also reading up on the transition from antiquity slave empires to feudalism has made me understand that Rome didn’t collapse into warring feudal kingdoms, it collapsed into a shittier empire, that collapsed into a shittier empire, that collapsed into a shittier empire, that faded into the feudal order. Capitalism’s death could start in 2050 and finish by 2240
We have been in a transition since the great depression pretty much everything after that has been free-market cope, virtually every country after has had to use various forms socialization including neoliberal poster children like the usa or the uk. The only thing holding this era back is the western world and it insistence in larping that capalitism exists by selectively punishing their working classes with cruel austerity and mulching any developments in former 3rd world nations.
Zombie capitlism with a neoliberal lich phylactory called imperialism. How much longer we stretch on is dependent on how much longer the us can hold together. These days it not looking so hot
Ngl, I think capitalism has been in decay since decolonization. The question is if we'll kill it before it kills us.
'Capitalism', as it was theorized by Marx and heralded by 'free-market' economists was dead prior to WWII. We have been experiencing it's death throes since then, with only large actual growth periods brought on by government intervention, or occasional technological development of which any benifits eventually gets cannibalized by marketing and advertising (which is the same thing that happened to the original system). This is the stagnantsystem, it just doesn't feel like it because we have yet to see what retirement buys us as opposed to what it bought the boomers.
It feels better because we just keep shifting where capital is, from main street to the mall back to main street, but it can't be in both places at the same time because it ultimately has to be wrapped up in itself (finance), which means that most capital is reflective of nothing and produces nothing. The interesting thing about capitalism though, is that though it is 'adaptive' it ultimately is a catalyst to any system, ripping it apart at lighting speed in comparison to anything else, so it could be dead within the century. Certainly Western style neo-liberal finance capitalism will. Chinese capitalism or socialism with Chinese characteristics, is likely a model for how things might look, if we are lucky. If we are unlucky it will be everything bad about that system with none of the benifits.