What's Equally Likely? The End Of Both Capitalism ... AND ... Communism.

   (Commentary posted by Roger Erickson)

Or both?

The End of Capitalism?

Killer point. Existing markets are based on scarcity while information is now abundant.

[Note: that doesn't mean that THINKING is abundant. :(

And yes, imagination is more important than data, yet this may well take 5 generations longer than this author imagines.]

vs

The End of Communism

Killer point. Capitalism is based on arbitrage of cheap labor provisioning abundant demand, while informed labor is no longer cheap, and aggregate demand is no longer abundant.

What's equally likely? The end of both.