Future crises of capitalism
In the twenty-first century capitalism will face challenges from rival ideologies, from great natural disasters and the possible but uncertain effects of climate change, whether a side effect of human development or part of the natural rhythm of planet earth. But most predictable are episodes of boom and bust, including future financial crises. Such episodes are a feature of capitalism, and cannot be eradicated without destroying capitalism’s vital essence – strangling the golden goose that is capitalism. I suggest ways to suppress the madder episodes of boom to reduce the severity of subsequent busts.
