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The Downfall of Capitalism and Communism
The Downfall of Capitalism and Communism
The Downfall of Capitalism and Communism Can Capitalism Be Saved? Author Original title Country Language Subject(s) Publisher Publication date Media type Ravi Batra The Downfall of Capitalism and Communism A New Study of History USA English Socio-political evolution Venus Books & MacMillan May 1978 & January 1990 print (hardback)
awarded Batra the Medal of the Italian Senate for his accurate prediction in 1990. Many observers in the 1970s believed in the invincibility of Soviet system[2], but Batra was of a different view. "I will now argue that the new [intellectual] era in Russian society has been long overdue, and that the next transition could come at any time, perhaps in the next twenty-five to fifty years, perhaps in another century. But come it must. And the current Soviet repression of intellectuals, is simply a harbringer of the new intellectual age" (pg. 220) . In the event, the end of the Soviet Union and the Iron curtain occurred just over one decade after the book was published.
Ravi Batra’s The Downfall of Capitalism and Communism (published in 1978) is a major work in the field of historical evolution. The book’s full title is The Downfall of Capitalism and Communism: A New Study of History. Following the collapse of Soviet Communism in 1990, a 2nd edition was published with the title The Downfall of Capitalism and Communism: Can Capitalism Be Saved? The book introduced an application of the theory of P.R. Sarkar that different sociopolitical groups, based on "inherent differences in human nature", that in turn are rooted in "characteristics of the mind," rotate in controlling the social motitivty, determining the historical evolution over time[1]. A group of warriors, intellectuals or acquisitors take turns at leading society in their respective ages marked by ascension, supremacy and decline. Batra’s book contains a wealth of evidence of historical ages reflecting the theory.
Downfall of capitalism
From 2007, the age of acquisitors in the West has come under a grave strain as financial capitalism has suddenly erupted in a full blown financial crisis. To some extent, the election of Barack Obama as US President in November 2008 is a sign of public rejection of the economic policies of George W. Bush[3]. In European countries seriously affected by the crisis, such as Iceland in October 2008 and Eastern Europe in February 2009, significant political changes have begun to take place[4][5][6]. Batra suggested capitalism would collapse before communism. "That capitalism is eventually doomed to extinction, even its most ardent supporters would admit. Many would argue that by gradual evolution itself the facial features of capitalism will be altered, if not transformed. However, I believe the [social] revolution will occur in the
Downfall of communism
The predicted downfall of the increasingly enfeebled age of warriors or communism began in 1989 with revolutions in Eastern Europe and ended in 1990 with the collapse of the Soviet Union. The Italian Senate
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next twenty-five to fifty years" (pg. 238) .
The Downfall of Capitalism and Communism
References
[1] pg.2,The Downfall of Capitalism and Communism: A New Study of History, London: McMillan, 1978, ISBN 0-333-21645-8 [2] Hugo Chavez: "Who would have thought in the 1980s that the Soviet Union would disappear? No one" [3] "...public reaction to all this helps explain the November 2008 election results" [4] Iceland protest turns violent [5] Economic Crisis Fuels Unrest in E. Europe [6] Fears that EU governments are retreating into protectionism [7] The Global Financial Crisis: What Caused it, Where it is heading?
Batra later went on to predict the collapse beginning in 1990. However, it was only Japan that had a financial crash at that time and an extended period of economic stagnation. While most have lauded the successes of financial capitalism in recent years, Batra continued to predict its inevitable collapse in numerous books up until the present time. More recently, Batra has said he is "afraid the global financial debacle will turn into a steep recession and be the worst since the Great Depression, even worse than the painful slump of 1980-1982 that afflicted the whole world"[7].
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