SOME CONTRADICTIONS OF CAPITALIST SUCCESS.

The article discusses the contradictions of the capitalist theory of economy or economic capitalism which are taking place in the U.S., Japan and richer countries of Western Europe as a consequence of their success in expanding wealth. Those contradictions include the growth of pension funds, the introduction of capital-saving technologies that reduce real cost of productive investments, the rising role of depreciation as a component of investment, and the decline in capital scarcity and global interest rates. The author believes that there is a need to find alternatives to Marxian political strategies to address some of the social and economic contradictions for capitalism that Marx anticipated.