First we would have to seperate European and US capitalism.This thread is getting spasticated.
Does anybody here seriously believe that western europe and America will not be capitalist in 5,10 even 20 years time?
Europe is capitalist state with a social consience, while America has little interest in welfare for the less well off.
Has capitalism failed in the U.S.? To me the answer is a resounding yes. The monetary system of America has collapsed and the treasury are printing trillions of dollars to keep it on life support. ergo it has failed.
Will it be the same in 5 years? yes.
Will it be the same in 20 years? No .
The debt they are amassing will have to be paid. We are witnessing the end of something, that many believed would exist for ever. Just like the fall of the Berlin wall, its now the U.S. turn for change. They still call it capitalism, but no-way will it be the same.
I expect super taxes for the rich. Something that would be heresy in the America of old.While the middle class will become more stationary,less of the upward mobile and more of the what we have, we live within.
Pensions will become a thing of the past and all of us will work untill we drop.
but it could be more a 30 hour week. less income more employed.
So thats my cyrstal ball,