Marx and the future of capitalism
Marx conceived different narratives about the future of capitalism, describing this future as an increasingly faithful update of the essence of capitalism. If this social system is a market-driven private production, then capitalism would be expected to march toward increased privatization and increased markets. Neo-liberalism would be the future of capitalism. Some texts go in this direction. But the dialectic of competition results in a pattern that is the opposite: capitalist concentration leads to the formation of monopolies and to state intervention. This scheme supports the catastrophism of Marx, who condemns capitalism to its downfall and makes state capitalism the transition to what the vulgate will call socialism, which is embodied in an organized, transparent economy.