Even checked Capitalism results in fascism, as Capitalism is entirely unsustainable and eventually results in the crisis that enables the rise of fascism.
Maybe so. Maybe capitalism can never remain checked because the temptation to acquire more wealth will always end up winning. You’d like to think that people are better than that, buuuuut…
Which system IS stable? AFAICT every system ever has allowed some people more power than others and those people cleave more power to themselves over time. This appears to be how most empires fall
Good question! The oldest government still in operation appears to be San Marino, a tiny country near Italy, at around 415 years. Considering that even at a small size it’s only been around that long despite civilization being around 6000 years old, I think it’s safe to say we haven’t managed a system that has real staying power yet.
That is an interesting argument, but where is the proof? Economics is a very murky “science” as it is, a broad statement such as “capitalism is inherently unstable” needs some healthy data backing it up.
The same argument could be made about communism, as an economic system it doesn’t have the best track record.
Socialism seems to have a pretty good track record. But even in socialism there are issues, especially around ensuring a steady supply of kids coming through, once population starts falling the cracks start appearing.
There are a lot of capitalist countries that haven’t collapsed yet. We’ll need longer than our lifetimes to see proof that it can never work.
But I suspect that people in power just aren’t good enough to keep it from going bad eventually.