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It is perfectly true that no economic system has ever been as successful as capitalism. Because capitalism is able to appeal to everybody's self interest, rather than to their sense of public spirit, it is very persuasive. But even so, we don't really know that it will never be replaced. Never is (as they say) a long time. The needs of the human race could change a lot over the next billion years. Perhaps in some technologically advanced future, something new will emerge.
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∙ 11y ago
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Economic system replacing communism?
Communism (a classless stateless society based on production for use) has never existed and so cannot be replaced by anything.
When will conservatives realize that capitalism has failed?
Never, because capitalism has not failed.
What is a good sentence for mercantilism?
mercantilism was eventually replaced by capitalism
What type of economic system did Adam smith promote?
Marx was opposed to capitalism, and wanted it replaced by a classless Socialist society.
How did the Meiji Restoration give Japanese citizens more freedom?
It replaced feudalism with capitalism.
What is another term for free- market system?
Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.
IThe agrariran society was largely replaced by industrialism capitalism and the growth of large corporationsn in what year?
by 1900
What is another term for a free-market system?
Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.
What do supporters of socialism generally feel about capitalism?
Socialists generally feel capitalism is an outdated form of organizing an economy that needs to be replaced by a socialist economic system.Capitalism leads to inequality among citizens.
What economic system is replacing communism in the former soviet countries?
The former Soviet countries used to be examples of state capitalism, but are now mostly private capitalism.
Did capitalism replaced mercantilism as the economic theory?
Sort of. Mercantilism was in some ways a form of a more primitive capitalism, though important differences between the two justifies distinguishing between them and treating them separately to a limited extent.
What is the foundation of the free enterprise system?
Fantasy: it never exists in the real world.
