Is Capitalism Dying Out? Understanding Its Evolution, Current Stage, and Future Prospects
Capitalism, defined by private ownership and market competition, has evolved through stages like mercantilism, industrial capitalism, and neoliberalism. Currently, we see techno-capitalism and financialization dominating the landscape, marked by tech giants and financial markets. However, capitalism faces significant challenges, including economic inequality, environmental degradation, and technological disruptions. The future may involve reforms, sustainable practices, alternative economic systems, or continued tech dominance, depending on how societies address these issues. Balancing growth with social equity and sustainability is crucial for the future of capitalism.