Will capitalism eventually collapse?

Question

If yes, then what will replace it so that all human beings can live a decent life? Will we go back to a local and community based marketplace?

Answer 1

I doubt it, as Capitalism is very in sync with the human being and Darwinism.

Answer 2

I highly doubt capitalism will ever collapse. It is the only system I'm aware of that allows so much money to be made, allows (somewhat) upward mobility between classes, and allows consumers to shape culture itself. It sort of has its own way of sustaining itself, and balancing everything out as long as it's regulated so things don't get out of control. If it ends in the United States, it will probably keep going on somewhere else. The only real problem I forsee is technology and outsourcing getting rid of most jobs that don't require too much specialized skills and a college degree. This would possibly drive the U.S. to have to adopt some kind of mix of capitalism and socialism to make sure that the lower and middle classes don't disappear and fall so far behind the upper class that the economy can't sustain itself. The only other way I can see capitalism failing is if something catastrophic happens to the human race in it's whole that won't allow for any economy in general, or forces humans to share all of our recourses in some sort of socialist manner. I think all of these are unlikely, and you'll probably live your entire life and die with capitalism still in effect.

Answer 3

Well, it depends on what you mean by collapse. As you know, the United States has a capitalistic economy. But it does not have a pure Capitalistic Economy. It has traits of both Command and Traditional Economies as well. Examples of these are taxes, the government tells us we have to pay these - Command economy; Tips for bars, waiters, waitresses, whatever, this is an example of Traditional economy because we don't have to tip, it's just a tradition. Most countries have either a mixed or transitional economy, so you can't really ask if capitalism will collapse because it somewhat already has. No country has a purely capitalistic economy. It has at least one aspect of another economy in it.

Answer 4

Given that capitalism generally succeeds whereever it's tried, it's hard to imagine it collapsing.

Certainly we know from history that the Great Depression may have been started due to the excesses of capitalism, but it was gov't policies that extended it for as long as it lasted.

Capitalism is not utopia, and does need gov't regulation to curb it's excesses and some failures of the marketplace, but it's still by far the most effective system we've ever tried.

Answer 5

Capitalism will not collapse unless its due to a nucluler war. If it did collapse we would probably go back and have a marketplace economy with bartering instead of havin money

Answer 6

That which is an arising thing is a passing thing. Who decided that whatever comes next will provide all human beings with a decent life?

Answer 7

Capitalism will rule the world. The only thing that can stop capitalism is the fact that it ruins the environment.

Answer 8

Capitalism is oxymoron because Estate taxes and Minimum income guarantee systems are the characteristics of socialism.
http://en.wikipedia.org/wiki/Inheritance_taxes
http://en.wikipedia.org/wiki/Guaranteed_minimum_income#Examples_of_implementation