Capitalism Is Collapsing -- and the Weird Thing Is That Nothing Is Rising to Replace It | Alternet
Some anonymous wise person once observed that it is easier to imagine the end of the world than the end of capitalism. But Wolfgang Streeck,
a 70-year-old German sociologist and director emeritus of the Max
Planck Institute for the Study of Societies, thinks capitalism’s end is
inevitable and fast approaching. He has no idea what, if anything, will
replace it.
This is the premise of his latest book, How Will
Capitalism End?, which goes well beyond Thomas Piketty’s Capital in the
21st Century. Piketty thinks
capitalism is getting back into the saddle after being ruined in two
world wars. Streeck thinks capitalism is its own worst enemy and has
effectively cut itself off from all hope of rescue by destroying all its
potential rescuers.
Photo Credit: Shutterstock.com/durantelallera
