CapitalismRevised.pdf (114.06 kB)
The future of capitalism: trends, scenarios and prospects for the future
journal contribution
posted on 2023-06-09, 15:25 authored by Gerard DelantyThe article provides a framework for thinking about how the question of the future of capitalism might be addressed. One of the problems resides in the very definition of capitalism and of what its defining features consist of and whether we should be talking about ‘capitalist society’ or the ‘capitalist economy’ or some kind of post-capitalist condition. Following Polanyi, Castoriadis and Habermas, it is argued that capitalism and democracy together constitute the defining dynamics of modernity and that the resulting tensions will provide momentum for the main circuits of potential change. Five scenarios for looking at the future are discussed. These will form the main substance of the article: varieties of capitalism, systemic crises of capitalism, catastrophic collapse, low growth capitalism and post-capitalism. In conclusion, it is argued that there are various possibilities that can be understood in terms of transitions, breakdown or transformation, but a likely future trend will be less the end of capitalism than the harnessing of ‘super-capitalism’ and that there are limits to the accumulation of capital.
History
Publication status
- Published
File Version
- Accepted version
Journal
Journal of Classical SociologyISSN
1468-795XPublisher
SAGE PublicationsExternal DOI
Issue
1Volume
19Page range
10-26Department affiliated with
- Sociology and Criminology Publications
Research groups affiliated with
- Sussex European Institute Publications
- Centre for Social and Political Thought Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-10-09First Open Access (FOA) Date
2018-10-11First Compliant Deposit (FCD) Date
2018-10-11Usage metrics
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