Two things. First, capitalism is not going away. And second, even if it did, there is no -ism that can prevent us from dealing with the mess that we've already baked into the cake with overshoot and environmental degradation. It's all just about how fast we hit the brick wall, but it's gonna be messy even if we all just stop short, join hands, and create some Permaculture commie utopia.
The idea that we will create a rational plan to handle this situation, when that has never happened in human history before, makes no sense, that's magical thinking, so I don't even consider that as an option. Capitalism, based on endless growth, which itself is based on continuously expanding resource extraction/consumption, is most certainly going away, it's only about 300 years old, less in most of the planet, quite a bit less. The assumption that what is today must be for all time, even though we are at the peak of everything in terms of consumption, waste production, and population, strikes me as one of the most bizarre mental errors I see in peaker type scenarios. As a reminder, out of about 1/2 a million years of advanced hominid history, we have had capitalism as a global form of resource control for about the last 100 years, if that. We have had first world always on electricity for about 80 years. Maybe 90, depends on where you look. We've had reliable cell phone coverage for what? about 20 years, maybe only 10. Internet for about 20 years, in its publicly useful form.
You don't look at peak behaviors to get a sense of a non peak life, you look at pre peak technologies, as
JM Greere keeps noting (this weeks thread covers this well). The idea that growth based economic systems will be the same as decline based economic systems is simply absurd, as is the idea that we will cleanly organize ourselves into the next one. Or that we will elegantly restore our growth based population numbers to decline based ones, nature and disease will take care of that for us, you don't need to plan for it, you can't.
Whatever it will become is probably already around us in very early forms, just like the very early creation of single purpose corporations to fund various trade systems in early Europe were a nascent form of organized capital, but nobody would have thought in 1650 that capital would become the dominant form of government and resource distribution only 200 years later.
It's a kind of basic thing really to understand: if a system built on the assumption of endless expansion of raw material use and consumption, aka, growth, and which relies on the return of interest on capital debt, which is possible because the overall consumption / production base expands enough to cover that, hits a point where expansion of consumption is no longer viable, what will happen is what is happening: first the system begins to cannibalize itself, that's for example big oil buying littler oil as the only way to grow big oil. That's been with us now for years already. Or big airlines merging to build bigger airlines. Or amazon growing by eating up local economies and retail. Or using population growth as the only way to grow/expand your market. That's how I see most of the high tech 'miracle', simply pulling out economic sources like local retail and merging them into one megaretail outfit, or pulling out local newspapers, which were in part funded by their want ads, and merging that entire system into craigslist and ebay ads, plus forming a backbone to organize a fully non sustainable globalized 'free trade' (sic) system. In the early 2000s, I remember reading careful analysis of chip fabrication costs that hinted that in fact already at that point, it was actually not economically viable, ie, the companies were not actually making money, not unlike, by the way, many fracking outfits. But the society needed the benefits so it masked that fact.
You can't endlessly cannibalize an economy however, and that is also not real growth, it's just a tightening of control over existing resource flows in the system. That's happening now, so it can't keep happening since there will be nothing more to organize under single 'winning' flow controllers like amazon, newegg, craigslist, ebay, etc. It's not an accident that this year the 1% who control these tightening resource flows came to control 50% of the world resource flows, a new event, that's what a system cannibalizing itself looks like, as previously distributed things like retail are controlled by a small group, like the amazon/newegg etc sites, that flow of money is now in far fewer hands, it's not a positive, it's a symptom of an economic system dieing.
They'll keep shuffling around the pieces pretending that growth based economics aka capitalism can keep growing without real growth, but that has a VERY finite future, though actual free market economics that actually adds value to the local system will of course never die, but that's not capitalism, that's just trade and manufacture, that's always been with us. Capitalism must have growth to function, it's a built in non optional component.
The example Easter Island is another popular doomer false belief system, that's being seriously challenged by the latest research, they had a decent sized population, with at least some trees, before the Euros and their diseases visited. When the first European came, the big statues were all standing, staring inland, when they next came, about 50 years later, they were all knocked down. The real devastation, and this is something flakey guys like Jared Diamond simply 'forgot' to mention was Euros taking full control over the island, filling it with about 70k sheep, and letting them graze it to death, a situation it has never recovered from. Sheep, you may or may not recall, graze to the root, cattle graze higher up. We have no way of knowing how many people lived there before Euros came, they were doing a lot of clever ag work, and were using ropes to pull their statues along, aka, walking them, not logs, by that time.
They had cut down/burned most of their forests for farming, that's not questioned. But before you get all excited about them doing what all other ag based human cultures do, keep in mind that before Euros came to the North East Americas, it was said that a squirrel could go from the east coast to the mississippee without once touching the ground, in continuous forests that is.