BH Blogging Assignment 6

The first future that Wagar insists is the future of globalized liberal democratic capitalism. While small number of rich people in the core and some peripheral states can get benefits from the world capitalist system, much more people in the rest of the states must live poorly. Thus, capitalism that have been creating a few winners and a lot of losers will have difficulties in coping with the resentment and angers in the many states. In addition, the capitalism world system will also be faced with the danger of disintegration when it has trouble in dealing with the mounting costs of keeping the system running effectively. Therefore, although the liberal capitalist world system will continue to be enormously powerful, it may collapse because of its top-heavy, over-centralized, and insolvent tendencies.