I think there’s good chance capitalism will collapse as a result of the current crisis. It’s becoming clear that Chinese system is strictly superior to what the west is peddling, and majority of the world is now looking to China for solutions.
Meanwhile, western economies are fundamentally built on resource and labor extraction from the global majority. As the west becomes increasingly isolated, the economic crisis will continue to deepen as a result.
Personally, I can’t see how western model can last another century.
I think there’s good chance capitalism will collapse as a result of the current crisis. It’s becoming clear that Chinese system is strictly superior to what the west is peddling, and majority of the world is now looking to China for solutions.
Meanwhile, western economies are fundamentally built on resource and labor extraction from the global majority. As the west becomes increasingly isolated, the economic crisis will continue to deepen as a result.
Personally, I can’t see how western model can last another century.