Exploring the life of the world-shaping system of capitalism and the writings of leading thinkers, this book gives an account of recent developments of capitalism, including the impact of the global Climate Crisis, questions around democracy and capitalism, and the impact of COVID-19. Capitalism stands unrivalled as the most enduring economic system of our times. Since the collapse of the Soviet bloc the world has become a new stage for capital, and yet despite this dominance capitalism is still not widely understood. In this volume Paul Bowles addresses some of the key questions around the history of capitalism; What are the central, unchanging features of capitalism? How does capitalism vary from place to place and over time? Does capitalism improve our lives? Is capitalism a system which is "natural" and "free"? Or is it unjust and unstable? What about today’s global capitalism? Will capitalism destroy or liberate us? This third edition of a classic text includes updates to all chapters with the inclusion of more global material, as well as a new chapter focussing on the future of capitalism, the clash of different capitalisms including neoliberal versus state capitalism, and whether we are seeing the end of capitalism and, if so, what post-capitalism might look like.