the future. First, it must be made clear that Schumpeter never wrote that "capitalism was going to get religion, so to speak, and forego the profit motive for a higher morality. What Schumpeter said was that society world tire of and become disgusted with the excesses of corporate-dominated monopoly capitalism and that capitalism then would, again so to speak, die of its excesses and be replaced in a transitory process by socialism.
The question as to whether Schumpeter was correct in relation to a capitalist transition into socialism must be answered in two stages. The first issue that must be addressed is whether Schumpeter was correct in his assessment that capitalism would become an economic system that is dominated by corporations. The second issue, then, is whether a capitalist economic system dominated by corporations will be hoisted on its own petard, eventually to be replaced by socialism through a transitory process of evolution.
The first issue may be addressed through a consideration of the Multinational Agreement on Investment being prop
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