''The Downfall of Capitalism and Communism'' is a book by

Ravi Batra Raveendra Nath "Ravi" Batra (born June 27, 1943) is an Indian-American economist, author, and professor at Southern Methodist University. Batra is the author of six bestselling books, two of which appeared on The New York Times Best Seller list, ...

in the field of historical evolution, first published in 1978. The book's full title is ''The Downfall of Capitalism and Communism: A New Study of History''. Following the collapse of Soviet Communism, a second edition was published in 1990 with the title ''The Downfall of Capitalism and Communism: Can Capitalism Be Saved?'' The book introduced an application of

P.R. Sarkar Prabhat Ranjan Sarkar (21 May 1921 – 21 October 1990), also known by his spiritual name Shrii Shrii Ánandamúrti (Ánanda Múrti="Bliss Embodiment"), and known as Bábá ("Father") to his disciples, was a spiritual Guru, philosopher, so ...

's idea that different socio-political groups, based on "inherent differences in human nature", that in turn are rooted in "characteristics of the mind," rotate in controlling the social motivity, determine the historical evolution over time. Batra argues that

groups A group is a number of persons or things that are located, gathered, or classed together. Groups of people * Cultural group, a group whose members share the same cultural identity * Ethnic group, a group whose members share the same ethnic iden ...

of ''warriors'', ''intellectuals'' or ''acquisitors'' take turns at leading society in their respective ages marked by ascension, supremacy and decline; citing historical examples. The

end of the Soviet Union The dissolution of the Soviet Union, also negatively connoted as rus, Разва́л Сове́тского Сою́за, r=Razvál Sovétskogo Soyúza, ''Ruining of the Soviet Union''. was the process of internal disintegration within the Sov ...

and the

Iron curtain The Iron Curtain was the political boundary dividing Europe into two separate areas from the end of World War II in 1945 until the end of the Cold War in 1991. The term symbolizes the efforts by the Soviet Union (USSR) to block itself and its s ...

occurred just over one decade after the book was published; but the regime was not replaced in the way Batra predicted.

Predictions

Batra predicted that both capitalism and

communism would collapse There were people and organizations who predicted that the USSR would dissolve before the eventual dissolution of the USSR in 1991. Authors often credited with having predicted the dissolution of the Soviet Union include Andrei Amalrik in '' Wil ...

around the year 2000. The

Italian Prime Minister The Prime Minister of Italy, officially the President of the Council of Ministers ( it, link=no, Presidente del Consiglio dei Ministri), is the head of government of the Italian Republic. The office of president of the Council of Ministers is ...

awarded Batra the ''Medal of the

Italian Senate The Senate of the Republic ( it, Senato della Repubblica), or simply the Senate ( it, Senato), is the upper house of the bicameral Italian Parliament (the other being the Chamber of Deputies). The two houses together form a perfect bicameral sy ...

'' for this prediction in 1990.

Downfall of capitalism

Batra suggested capitalism would collapse before communism. In 1985, in ''

The Great Depression of 1990 ''The Great Depression of 1990'' is a book by Ravi Batra in the field of economic history and future evolution, originally published in 1985. The book's original title was ''Regular Cycles of Money, Inflation, Regulation and Depressions''. MIT Eco ...

'', Batra predicted the collapse of capitalism would begin in 1990. In 2007, Batra made new predictions in his book ''The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos'' which he subsequently felt were being realised with the

Occupy Wall Street movement Occupy Wall Street (OWS) was a protest movement against economic inequality and the influence of money in politics that began in Zuccotti Park, located in New York City's Wall Street financial district, in September 2011. It gave rise to th ...

References

{{DEFAULTSORT:Downfall Of Capitalism And Communism 1978 non-fiction books American political books Books about capitalism Books about communism

Predictions

Downfall of capitalism

See also

References