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Market economies will become the norm from "summary" of End of History and the Last Man by Francis Fukuyama
The idea that market economies will become the norm is grounded in the belief that the forces of history are pushing societies in a particular direction. According to this view, the end of the Cold War marked the triumph of liberal democracy and capitalism as the dominant systems of government and economic organization. This triumph was not just a temporary victory, but rather the culmination of a long process of historical development. The logic behind this argument is based on the assumption that market economies are more efficient and productive than other economic systems. In a market economy, resources are allocated through the price mechanism, which allows for decentralized decision-making and competition among producers. This leads to innovation, growth, and higher living standards for the population as a whole. Furthermore, market economies are seen ...
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