TO CAPITALISM “The major modern challenges to capitalism came not from that or a

http://www.becker-posner-blog.com/2013/09/has-capitalism-revivedsurvived-posner.htmlCHALLENGES TO CAPITALISM

“The major modern challenges to capitalism came not from that or any other depression, but from the two world wars of the twentieth century, without which it is hard to believe that the European nations would have lost their colonies, experienced a great depression (in the 1930s), or (in central and eastern Europe) become communist. Without World War I, it is very doubtful that Russia would have become communist; and without the Soviet conquests in eastern and central Europe in World War II, neither would Poland, Rumania, etc. have become communist.”