Is Global Capitalism Sustainable?

By RandomCitizen,  Newser User

Posted Dec 9, 2011 7:24 PM CST

(User Submitted) – Change is coming, or so Al Jazeera might have you believe. Since the rise of capitalism as the dominant world economic system during the industrial revolution, the advent of globalization has now rendered "all current forms of capitalism... ultimately transitional." A royalty-like class has thus emerged as the result of historic wealth inequalities, capable of influencing politics around the world to perpetuate their own fortunes indefinitely.

"Will capitalism be a victim of its own success in producing massive wealth?" asks one Harvard professor of economics. As instability in the financial markets continues to rise coupled with the social decay of widespread unemployment, Al Jazeera ominously predicts "capitalism's future might not seem so secure in a few decades." Read the full article.

Story not vetted by Newser.
  (AP)
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