ABSTRACT
Socialism’s political and ideological failure has spared modern capitalism from a credible opposition but it has not remedied its inherent instability and vulnerability to crises. Despite repeated efforts since at least the beginning of the twentieth century, politicians, industrialists, and bankers – both within major nations as well as internationally – have failed in their many attempts to introduce stabilizing rationality into the economy. Resistance to capitalism does not exist now but it will reemerge once the people are called upon to make the sacrifices in blood and well-being for its follies. It has in the past, and it will again in the future.
