Perhaps socialism was not an alternative to capitalism, but its heir. It will inherit the earth not by dispossessing the rich of their property, but by providing motives and incentives for behavior that are unconnected with further β and unnecessary β wealth accumulation.
https://prosyn.org/aheeTzP
LONDON β In 1995, I published a book called The World After Communism. Today, I wonder whether there will be a world after capitalism.