New Understanding of Capitalism-Socialism Relationship with a Global Vision

Capitalism is said sure to die while socialism is to win, because of “the inevitability of capitalist production in the natural process”. Yet capitalism is not negated in contemporary time, especially under the global conditions, but has gained a higher development, whereas socialism has not replaced capitalism but suffered serious difficulties and setbacks. This paper, therefore, attempts to probe the historical inevitability of socialism replacing capitalism as well as the historical process and status from the point of view of its developing course.