Alternative Economic Futures for Capitalism

It is of interest to discuss development scenarios for the western economy for the coming decade (2021-2030) from the viewpoint of political economy. The description of the future admits of fours scenarios. A Growth Scenario involves a significant degree of the economy’s growth which, however, will not prevail.

An Unsustainable Growth Scenario where the continuance of steady growth is attainable but is either undesirable or entails a high degree of uncertainty. A Transformation Scenario describes a set of drastic changes, possible through changes in technology, and a Collapse Scenario.

Analysis indicates that the economic future will be shaped under the influence of swinging factors with social, political, and economic nature which will affect the political economy of alternative economic futures within either the unsustainable or the transformed scenario, or a combination of the two.