He's at it again, Britain's oldest unrepetant communist once again predicting the downfall of capitalism, just like he did in his terrible book The Age of Extremes.
A word to the not-wise, Eric: it ain't gonna happen. No-one's going back to the socialism you love because it was an oppressive crock of shit with a brilliant record for pig-iron production but bugger all else. Capitalism might well adapt, as it has done before; it might incorporate aspects of socialism, or at least progressivism, as it has done before; but it ain't going away.
Every time someone has something to sell and someone else wants to buy it there's capitalism. However it modifies itself, however we choose to regulate it, it will survive better and for longer than his beloved socialism managed.
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