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A Heavyweight Clash
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Posted 5 years ago
Capitalism vs Socialism
As claims go, Francis Fukuyama’s insistence that history’s run its course has aged rather badly. The ascent of China, the Great Recession, spiralling inequality across the West, and now COVID-19, have all, in their own way, undermined his notion that capitalist liberal democracy is the political endgame. If anything, political choice seems to be expanding. People are increasingly being offered the opportunity to continue with capitalism, occasionally of the nativist variety and sometimes strictly neoliberal, or, alternatively, to try a little socialism.
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