One emerging (realistic) theory: Under zero-sum conditions things go tribal. ...
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... Since they're patently incapable of taking either option, under plausible trends they're toast. (Under plausible trends, they're toast.)
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Social democracy is a reasonably functional option for the Left in the short term, in the longer term (a few decades away) we'll have fully automated production with self-replicating machines, opening up alternatives that aren't capitalist but also don't involve central planning
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Under what definition of "capitalism" will they not be capitalist?
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