page_title: Post-capitalism
section_title: History
hierarchical_section_title: Post-capitalism / History
caption_attribution_description: Español: Peter F. Drucker, padre de la administración moderna.
context_page_description: Post-capitalism is a state in which the economic systems of the world can no longer be described as forms of capitalism. Various individuals and political ideologies have speculated on what would define such a world. According to some classical Marxist and some social evolutionary theories, post-capitalist societies may come about as a result of spontaneous evolution as capitalism becomes obsolete. Others propose models to intentionally replace capitalism. The most notable among them are socialism and anarchism.
context_section_description: In 1993, Peter Drucker outlined a possible evolution of capitalistic society in his book Post-Capitalist Society. The book stated that knowledge, rather than capital, land, or labor, is the new basis of wealth. The classes of a fully post-capitalist society are expected to be divided into knowledge workers or service workers, in contrast to the capitalists and proletarians of a capitalist society. In the book, Drucker estimated the transformation to post-capitalism would be completed in 2010–2020. Drucker also argued for rethinking the concept of intellectual property by creating a universal licensing system. Consumers would subscribe for a cost and producers would assume that everything is reproduced and freely distributed through social networks.
  In 2015, according to Paul Mason the rise of income inequality, repeating cycles of boom and bust and capitalism’s contributions to climate change has led economists, political thinkers and philosophers to begin to seriously consider how a post-capitalistic society would look and function. Post-capitalism is expected to be made possible with further advances in automation and information technology – both of which are effectively causing production costs to trend towards zero.
  Nick Srnicek and Alex Williams identify a crisis in capitalism's ability and willingness to employ all members of society, arguing that "there is a growing population of people that are situated outside formal, waged work, making do with minimal welfare benefits, informal subsistence work, or by illegal means"
caption: In 1993, Peter Drucker outlined a possible evolution of capitalistic society in his book Post-Capitalist Society.
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