Capitalism,Economic Crisis, and Socialism: The Prospects for a Transition to Socialism in the Developed Capitalist Countries

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Global capitalism remains in a structural crisis that originated in the United States in 2008. History suggests that the resolution has been a new institutional form of capitalism that resolved, at least for a time, the problems that led to the crisis.This paper argues that two possible forms of institutional restructuring within capitalism would address the problems that led to the current crisis. One is a capitalist-dominated statist form of capitalism, the second is social democratic capitalism. But two severe long-term contradictions of capitalism bring more obstacles to these two forms when addressing the crisis. In fact, a reform of capitalism is not the only possible outcome of a structural crisis. A resolution of a structural crisis of capitalism can take the form of a transition to socialism.
Translated title of the contribution资本主义、经济危机和社会主义: 发达资本主义国家向社会主义过渡的前景
Original languageEnglish
Pages (from-to)16-34
Number of pages19
Issue number4
Publication statusPublished - 2014


  • Structural Crisis
  • Social Structure of Accumulation

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    Van Duc Pham (Participant), , Hiroshi Onishi (Participant), , Xuan Thang Nguyen (Participant), , David Kotz (Participant), , Yuanpeng Hong (Participant), , Enfu Cheng (Participant), , Xiaoqin Ding (Participant), , Michael A Lebowitz (Participant), , 鹏飞 颜 (Participant), , 绪国 闵 (Participant), , Ana Maria Rita MIlani (Participant), , 仲伟 徐 (Participant), , J. Z. Garrod (Participant), , Niemeyer Almeida Filho (Participant), , Jenny Clegg (Participant), , Luis Sandoval Ramírez (Participant), , Alen Freeman (Participant), , Ryo Kanae (Participant), , Hiroshi Izumi (Participant), , Roger Seifert (Participant), , Balwinder Singh (Participant), , 地 谢 (Participant), , Patrick Bond (Participant), , Richard Corell (Participant), , Ernst Herzog (Participant), , Stephan Muller (Participant), , Nobuharu Yokokawa (Participant), , R.V. Ramana Murthy (Participant), , Radhika Desai (Participant), , Terrence McDonough (Participant), , Pritam Singh (Participant), , Duncan McFarland (Participant), , Hermann Dworczak (Participant), & David S Pena (Participant)

    May 23 2014May 26 2014

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