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  1. #1

    Default Does capitalism have an expiration date?

    Does anyone anticipate capitalism becoming obsolete like merchantilism or fuedalism?

  2. #2
    Minister of Propagandhi ajblaise's Avatar
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    Capitalism never officially had a start date. It's all been mixed markets, from Sweden to US to Cuba to Singapore.

    But I think that capitalism, not in the raw form, has been the successor of feudalism. And in its raw form would be just as oppressive and limiting for the individual, or should I say Serfs.

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    Supreme High Commander Andy's Avatar
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    Good point. In the extreme, capitalisim can be as oppressive as feudalism. I don't know if it's true, but I read that after all the time off for saints days and the like, modern people actually work more hours then medieval peasants. Fortunately, we have other luxaries they lacked to make up for it.

    THe world will probably more on the from capitalism eventually. It's moved on from everything else, after all. I suspect that the change will be linked to environmental change and diminishing resources. Once the cost of capitalist profiteering becomes too much society will shift again.
    Don't make whine out of sour grapes.

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    Don't Judge Me! Haphazard's Avatar
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    Maybe communism starts next.
    -Carefully taking sips from the Fire Hose of Knowledge

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    Starcrossed Seafarer Aquarelle's Avatar
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    Quote Originally Posted by Lark View Post
    Does anyone anticipate capitalism becoming obsolete like merchantilism or fuedalism?
    God, I hope so.
    Masquerading as a normal person day after day is exhausting.

    My blog:
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    Self interest doesn't have an expiration date so no I don't think capitalism does either.

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    Senior Member lowtech redneck's Avatar
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    Considering the alternatives, I sure as hell hope not. Its kind of depressing that so many people have essentially negative feelings regarding such an indispensible tool of both personal liberty and social welfare...capitalism (broadly defined) is the most moral as well as the most utilitarian economic system that has ever existed.

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    Unrestricted capitalism is unenlightened self sacrifice for most.

  9. #9
    Oberon
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    Quote Originally Posted by DiscoBiscuit View Post
    Self interest doesn't have an expiration date so no I don't think capitalism does either.
    Yeah, and trade's not going to become obsolete any time soon either, whether it's done in a free-market environment or no... so there's another "no" vote.

  10. #10
    Senior Member Kephalos's Avatar
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    Insofar as maintaining a relatively free market economy depends on public support for it -- and I think it is fair enough to say that it is so supported -- it depends at some level on the knowledge of its benefits and its disadvantages. Now, we cannot really predict how knowledge or opinion will develop; it is impossible to say whether in the future there will be public support for a relatively free market economy or that there will not. Therefore, it is impossible to answer the question of whether there is an "expiration date" for free markets in the future as much at it was impossible for Marx to predict that the inner contradictions of capitalism will inexorably lead to communism. HT: Karl Popper.

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