Development of Solidarist Economics in the US

Schumpeter explained how capitalism has changed in such essential ways that it is evolving into a new kind of economic system. It is not entirely clear, however, what the nature of this new system will be. It will probably be centralist socialism, says Schumpeter, because the observable tendencies point in that direction, as does the logic of the historical situation. Yet, it could be guild socialism dominated by unions. He did not know and we do not know. It is even possible that the new social reorganisation could be one that is not socialist at all.