Are we in “late-stage capitalism”? Was capitalism always doomed to fail? What would replace capitalism if it died? Some authors have argued recently that capitalism is a system destined to fail, while others argue that the system is resilient due to its system of checks and balances. In a more extreme view, some believe that capitalism will inevitably lead to a revolution. Below we will discuss all these possible scenarios.
Are We in Late-Stage Capitalism? The 2 Points of View
