Book review: Does Capitalism Have A Future?

Book review: Wallerstein, Immanuel et al. Does Capitalism Have A Future? Oxford: Oxford UP, 2013.

(crossposted to Firedoglake and to

This book is a "response" anthology, with the lead author being Immanuel Wallerstein, prominent world-systems theorist, laying out his hypothesis for postcapitalism. Even though I am sympathetic to Wallerstein's hypothesis, I find its logic a bit brief. Wallerstein argues that a number of trends in present-day world-society will converge and produce a transition to a postcapitalist world-society, and that what is going on now is the struggle to define what the world after capitalism will be like.



The thicket of excuses

(crossposted at FDL)

Eventually the human race will realize that its subordination to the capitalist system is destroying life on the planet. At that point, it will walk away from capitalism, and toward a multiplicity of small-scale, decentralized economic systems based on trust and friendship.


Subscribe to RSS - Postcapitalism