Contents: Preface -- 1. What capitalism was -- 2. Where capitalism came from -- 3. The capture of market power -- 4. The fatal capture of money -- 5. Could anything have saved it? -- Epilogue: the centre could not hold -- Index.

Schumpeter’s forecast in his Capitalism, Socialism and Democracy (<CitationRef CitationID="CR52">1942</CitationRef>) that ‘a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society’ did great damage to his reputation. This was especially so after the fall of the Berlin wall,...</citationref>