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Fascism, Technofeudalism, or Market Socialism? An Institutional Perspective on the Possible Future of Capitalism

Author

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  • Felipe Almeida
  • Beliza Borba de Almeida

Abstract

Capitalism once again stands at a crossroads. Contemporary neoliberalism has witnessed a resurgence of fascist values, raising the prospect that the future may resemble a troubling past. At the same time, technofeudalism has gained prominence as a potential successor to capitalism, describing a transformation into a rent-extractive regime in which technology corporations accumulate wealth through monopolistic predation. A further alternative form of economic organization in the twenty-first century is market socialism, most notably represented by the Chinese model. This article offers an institutionalist examination of capitalism’s possible trajectories—toward fascism, technofeudalism, or market socialism. We argue that an Original Institutional Economics framework provides valuable insights into strategies for confronting the emerging economic order.

Suggested Citation

  • Felipe Almeida & Beliza Borba de Almeida, 2026. "Fascism, Technofeudalism, or Market Socialism? An Institutional Perspective on the Possible Future of Capitalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 60(2), pages 515-523, April.
    • Handle: RePEc:mes:jeciss:v:60:y:2026:i:2:p:515-523
    DOI: 10.1080/00213624.2026.2657231
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