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In a 1998 book, John McMurtry suggested that a financial crisis is a systemic crisis of capitalism itself. [381] In his 1978 book, The Downfall of Capitalism and Communism, Ravi Batra suggests that growing inequality of financial capitalism produces speculative bubbles that burst and result in depression and major political changes. He also ...
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
Societal collapse (also known as civilizational collapse or systems collapse) is the fall of a complex human society characterized by the loss of cultural identity and of social complexity as an adaptive system, the downfall of government, and the rise of violence. [1]
New York University Professor of Marketing and Author of 'Post Corona: From Crisis to Opportunity' Scott Galloway warns capitalism will fail without changes that make it more empathetic.
Capitalism has adapted to this crisis in two ways. The first solution to the problem is resolved using a "spatial fix." The regionality of overaccumulation allows the crisis to be relieved by moving capital or labor to a different territory and beginning new production.
Batra suggested capitalism would collapse before communism. That capitalism is eventually doomed to extinction, even its most ardent supporters would admit. Many would argue that by gradual evolution itself the facial features of capitalism will be altered, if not transformed.
Before you go shoot your arrows at Nouriel Roubini, hold your horses. This is yet another Dr. Doom, Marc Faber, the author of "The Gloom, Boom & Doom Report." And before you decide he's anti ...
Post-capitalism is in part a hypothetical state in which the economic systems of the world can no longer be described as forms of capitalism. Various individuals and political ideologies have speculated on what would define such a world.