Economic System in the 40th Century

AN ECONOMIC SYSTEM, AND THE DEATH OF A POLITICAL SYSTEM

On the eve of the fortyfirst century, the capitalist economic system is characterized by an absence of unemployment, an absence of deprivation, environmentally sound activities, and the seemingly contradictory regulation of the application of societal resources, and systemwide decisionmaking which is the product of millions of individual decisions. To a person from a capitalist economic system of the latetwentieth century, transported in time to the latefortieth century, the economic, environmental and social outcomes of twothousand years of socioeconomic evolution would be welcome. The ingrained twentieth century economic dogma and zealotry would cause this person to bristle at the structure underlying the evolved economic system, because this underlying structure would appear to be characterized by some aspects of the dreaded twentieth century economic disease of socialism.

When the timetransported twentieth century person learned more about the political system which supported the latefortieth century capitalist economic system, an even greater sense of disenchantment would likely be felt, if this twentieth century person had been able to control, to some extent, economic and political decisions in her or his own time. The smallp populist political system of the latefortieth century would be

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rn European Communist political control, together with the interpretation of this event by the populations of capitistic socieities, provided an apparent opportunity to further entrench to societal power and position of their own class. This perception caused them to persue policies which led to widening divisions between societal haves and havenots, wildly erratic swings in measures of macroeconomic activity (which the leadership class characterized as dynamic, rather than as signs of instability), increased resource waste and depletion, further environmental degredation, and a continuing deterioration in the ability of the general public to influence significant societal decisions. Forward thinking persons of the latetwentieth century were able to predict these undesirable outcomes, but they were unable to take effective action to prevent their occurrence for two primary reasons. First, because their warnings were met with leadership class characterizations of their warnings as tired old socialist clap trapcharacterizations willingly accepted the general public in the wake of the Communist political collapse. Second, because they lacked the means to offer 4an effective and an efficient alternative to the existing so
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Approximate Word count = 1405
Approximate Pages = 6 (250 words per page)

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