Eric Weinstein on the crisis of late capitalism
&gt; Why capitalism won’t survive without socialism.<p>This is nothing new. In the last century there was a movement for a &quot;third way&quot; which meant some kind of compromise between Capitalism and Socialism. The goal was to combine Capitalism and Socialism to somehow create a hybrid with all the advantages and wealth creation of Capitalism combined with the socialist goals of the welfare state and other boondoggles. This is an impossible goal and the two systems cannot be combined, mixed or grafted together. They really are opposites and any hybrid is unstable.<p>You (you, specifically) either have the right to live your life as you see fit or you are fodder for the state&#x27;s goals and plans, regardless of the rationalization or your agreement with such plans.  The end point and most consistent form of Socialism is Communism which is an evil system of sacrifice of all to all. Fascism is also a type of Socialism and also based on sacrificing the individual to state, nation or race and equally deadly. Explain to me; what does Capitalism, historically the freest and most productive and pro-life political&#x2F;economic system have to gain by combining with any variant of Socialism, systems that have a track record of mass death and destruction?<p>What makes these debates impossible to resolve is that the current system is not Capitalism but a mixed system of freedoms and controls which, by the logic of events, is driven toward some variant of Socialism as the dominant ethics demands.<p>Saving Capitalism requires a new ethical system that holds individual rights as an absolute and that a major evil is the sacrifice of the individual to the state, regardless of its form. Weinstein needs to get out of politics or economics or technology and start thinking very hard about ethics.