An approach to the economic system that has created more wealth and inequality than any other in the world.
The arrival of the coronavirus has only sped up an inevitable process in the evolution of the capitalist system. With his characteristic clarity and bluntness, the author examines the present uncertainty in light of the long history of capitalism. And also tells us what is to come: a new, even more inhuman form of capitalism.
Ten years ago, the system imploded in a crash as harsh and lasting as the one in 1929. It won’t be long until we see a more technological and increasingly unequal form of capitalism.
The work factor will cease to be important in the functioning of the economy. The social protection model will become a thing of the past. Compensation will come with the arrival of universal basic income, cheap leisure activities, and other formulas that will help us evade reality. And in another half-century, capitalism will cease to be useful and will be replaced by another system.