- Wednesday, November 12, 2014
- John Peterson
Editorial for Socialist Appeal 85 - Private ownership of the means of production has hit a dead end on a world scale. The system is dying on its feet, and this inevitably has profound political and social consequences in the country par excellence of capitalism. Francis Fukuyama, who, upon the fall of the USSR, famously declared “the end of history,” now says that America “suffers from the problem of political decay in a more acute form than other democratic political systems.” In plain English: capitalism and its institutions are in big trouble.