Capitalism has eaten up environment and precious resources, converting them into industrial waste. Something like 99% of consumed resources end up as waste !!

A replacement for capitalism? There's only two other alternatives and that is socialism or collapse-ism. I'm pretty much a doomer so I go with collapse, although I hope for the best

@Vitaliy_Kiselev - Apparently, I'm fairly thick because I honestly have no idea what you are proposing except pure collapse and the fantasy of something better rising from the ashes--which history does not support. If there is some better system than capitalism out there, by all means, please tell us about it!

Like any system, capitalism has some problems and corporatism has more. Yes there is waste and I am a believer in regulation to balance this. I personally believe in certain socialist structures such as education, infrastructure building, basic scientific research, and some health care, etc, within a capitalist framework. The system of capitalism has lifted more of the world out of abject poverty than any other system. People today at many social strata have access to luxuries beyond what kings would imagine a century ago.

http://www.nytimes.com/2016/09/04/upshot/the-formula-for-a-richer-world-equality-liberty-justice.html?_r=0

Most of what we call poverty today seems far better than the routine poverty, famine, disease, and subjugation of 200 years ago. This system has also produced all of the new inventions that we discuss on this site as well as the very ability for people from across the globe to have these conversations at all. And if we as a species ultimately achieve the ability to create the energy we crave in a way that does not pollute or deplete resources, it will probably be some form of capitalism that gets us there.

It's your site, so I'm happy to drop the discussion if you don't want to come out and say what you're proposing, but I really don't understand the coy act. Either you think there's something better (or inevitable) or you don't. Why not just come out and say it? It's clear that you are an intelligent and well read person, and I am interested in your point of view. Frankly, the references you've cited have been interesting to me, and I thought you had something larger to say, but it seems like that isn't the case.

Economic imperialism has been a feature of capitalism for hundreds of years. Real imperialism, the military kind, has been around for thousands.

The only real alternative to capitalism failed, because its theory, dialectical materialism, ignored several fundamental human needs. You are correct that capitalism is in its end game. Its fate is already determined, because of its inherent concentration of power in a decreasing number of players. This makes perfect economic sense - it is obviously more efficient to have only one administrative unit for many companies, for example, than for each company to have its own. As your comments make clear, no one has any idea what will follow it.

@Vitaliy_Kiselev - I'm not doing either. I've raised cogent counterarguments which you disregard entirely. Most of your comments consist of non-sequiturs, logical fallacies, and insults. I asked sincerely to better understand your point of view on the matter and hopefully learn something new, but I don't see anything I couldn't have read in Capital. I guess I'll stick to the camera posts.

My goal in economics blog posts is not educate you, my goal is to show interesting data, show you how limited your knowledge is, make you go and read, return, understand how limited you still is, read again, and so on. I am not here to respect your opinion, I am here to rise your opinion to knowledge.

What a linguist, I like this. :)

@4CardMan

Building empires is not imperialism. As we talk about economics here word has definitive meaning.

1. The concentration of production and capital has developed to such a high stage that it has created monopolies which play a decisive role in economic life;
2. The merging of bank capital with industrial capital, and the creation, on the basis of this "finance capital", of a financial oligarchy;
3. The export of capital as distinguished from the export of commodities acquires exceptional importance;
4. The formation of international monopolist capitalist associations which share the world among themselves, and 5. The territorial division of the whole world among the biggest capitalist powers is completed.

Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capital is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.

https://www.marxists.org/archive/lenin/works/1916/imp-hsc/