- Capitalism and Alternatives -


Posted by: Red Deathy ( Socialist Party, Uk ) on May 04, 1999 at 11:46:54:

In Reply to: Schumpeterís prediction that capitalism would collapse posted by Gee on April 30, 1999 at 16:46:30:

: What are youre reactions? There have been 'victim of its own success' predictions about capitalism around for some time in academic works.

Well, the model of crisis I prpound on this board clearly demonstrates that this is so- capitalism, a system preicated fundamentally upon scarcity, produces more and more goods, eventually effectively destroying scarcity, and thereby the conditions of its own existence. through creating plenty, it undoes its own logic. It won't coallapse, but it will suffer repeated crises as a result.

Follow Ups:

The Debating Room Post a Followup