SUMMARY
In his fascinat ing book "A Short History of the Future," published in 1992, W. Warren Wagar lays out a futuristic vision of the world over the next two hundred years that draws extensively on Inunanuel Wallerstein' s world-system theory. In the year 2001 began the last of the great Kondratieff upswings of the capitalist world-economy. That economy had come to be increasingly dominated by a few giant corporations, so that by 2015 12 "megacorps" had assumed control of the world-economy and thegovernments of the major capitalist powers. The Kondratieff upswing ran its course by the early 2030s and then a devastating worldwide depression set in, the lowest point of which was reached in 2043.