| Capitalism In The Twenty-first Century |
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| history of capitalism | |
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BACKGROUND In the early 21st century, capitalism is seen as the dominant political order. With the collapse of the Socialist Soviet Bloc in the early 1990s, alternatives to capitalism were, in the eyes of many, discredited. However, some argue that capitalism has not proved capable in improving the socio-economic conditions for people outside the Golden Billion . FUTURE According to some, the transition to the Information Society involves abandoning some parts of capitalism, as the "capital" required to produce and process information becomes available to the masses and difficult to control, and is closely related to the controversial issues of Intellectual Property . Some even speculate that the development of mature Nanotechnology , particularly of Universal Assembler s, may make capitalism obsolete, with Capital ceasing to be an important factor in the economic life of humanity. |
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