Capitalism may, in short, become a servant rather than a master, and the slump will accelerate this change.” I share this view, because history shows that since the eighteenth century progress, economic, social, political and environmental development has indeed been happening. But since the capitalist revolution and the systematic increase in the economic surplus that it yielded, gradual change toward a better world, from capitalism to democratic socialism, is taking place. Mulgan is optimistic on this matter: “Just as monarchy moved from center stage to become more peripheral, so capitalism will no longer dominate society and culture as much as it does
