Peak capitalism is a term used in recent academic literature to describe a situation in which capitalism can no longer survive. The phrase is based on the concept of peak oil and suggests that a capitalist system in a postmodern world can no longer survive, given that the international system depends entirely upon non-renewable resources to reproduce society.Schmidt, Karl-Heinz 2003, 'Schumpeter and the Crisis of the Tax State', The European Heritage in Economics and the Social Sciences, 2003, Volume 1, pages 337–351
See also Late capitalism Post-capitalism
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