Is capitalism eternal?

Critical Review 16 (1):23-32 (2004)
Abstract
Abstract Several scholars have observed that in contrast to ?socialism,? ?capitalism? was not an ideology promoted by a social class or movement but an economy that emerged ?spontaneously? from particular historical conditions. Since the decline of the Soviet Union, no new version of socialism has been promulgated, although complaints about the inequalities of capitalism inevitably persist and will certainly continue. Capitalism, if not ?eternal,? remains a highly probable form of economy under conditions of economic surplus, extensive division of labor, urbanism, and the absence of fully centralized state power. An inevitably wide variation in its forms will certainly endure and in no way amounts to the ?end of history,? as a few writers have suggested.
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