chapter  4
Marx and the future of post-capitalist society
Pages 12

The structure of modern capitalism is changing dramatically, leaving behind the model of capitalist development known as Fordism. This development model was the typical form of capitalism in the early to mid 20th century, but it faced a serious structural crisis in the 1970s, and after that capitalism began to seek a new direction during the 1980s, at least in the central parts of the world economy. At present, a dominant tide has developed on a global scale, known as American ‘liberal productivism’.