The unlikely demise of capitalism

Book review of How Will Capitalism End? Essays on a failing system

How Will Capitalism End?  Essays on a failing system

Wolfgang Streeck 

Juggernaut 

Pages 262, Rs 499

Naysayers such as Karl Marx and Friedrich Engels weren't the only ones who wrote obituaries of capitalism. Other esteemed economists such as David Ricardo, John Maynard Keynes and Joseph Schumpeter prophesised the system's demise. Some even expected it to collapse during their lifetime.

Yet somehow capitalism’s long foretold demise never materialised. 

As a system, as many have noted before, it has always been full of conflict and contradiction. And as a consequence, is permanently unstable and constantly in flux.

But it has a unique ability to