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Theory of historical trajectory
The theory of historical trajectory is part of Karl Marx's historical materialism.[1] This theory has been analyzed by Erik Olin Wright, whose work has been cited in relation to it.[2] According to Wright, while Marx's theory of social change is often regarded as obsolete, it is nonetheless an important and likely still the "most ambitious attempt to construct a scientific theory of alternatives to capitalism".[3] What Marx attempted was to develop a deterministic theory of "long term impossibility of capitalism".[3] According to Marx, the very same problems that should make capitalism fail should also provide the means for the new, more democratic and egalitarian society to arise.[4]
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