Introduction: The Long-Term Evolution of Economic Systems

Throughout history, economic systems have evolved gradually rather than abruptly. From the hunter-gatherer societies of the ice age to the agrarianism that followed, and eventually to the capitalist system regulated by macroeconomic science, every economic transformation has taken time, influenced by various social, technological, and philosophical factors. Economists and philosophers like Adam Smith observed and documented how humans naturally responded to economic challenges, shaping the course of capitalism.

Emergence of Capitalism and Its Regulation

Capitalism, as a structured economic system, emerged naturally as a response to economic demands and challenges in Europe. Adam Smith, a moral philosophy professor at the University of Birmingham, documented these observations during his 13-year journey as a tutor for a French prince. His insights led to the eventual development of economic theories that regulated capitalism under macroeconomic sciences.

The Future of Commerce: Slow Transition and Social Changes

As we move toward the future, the transition in commerce will be a gradual process, influenced by technological advancements and socio-political changes. The neo-liberal politics of "all inclusiveness" are expected to play a significant role in shaping a new society where values and norms are yet to be fully defined. This new society will likely see the common man taking on the role of an agent, explaining values based on current events rather than historical processes.

Challenges and Uncertainties in the Transitional Period

The transition to a new economic system will be complex and uncertain. The unpredictability of emergent phenomena and the need for stable checks and balances underscore the challenges ahead. As we move forward, it is essential to consider the following key factors:

Technology and Automation: Automation and artificial intelligence will play a critical role in transforming commerce. These advancements will significantly impact labor markets and require a new framework to ensure economic stability and inclusivity. Social Changes: Neo-liberal politics emphasize inclusiveness, which can lead to significant changes in society's values and norms. These changes will be evolutionary rather than revolutionary, and they will require careful consideration to maintain social cohesion. Philosophical and Ethical Considerations: The transition will also necessitate new philosophical frameworks that are both existential and harmonious with natural laws. This will involve redefining the role of human values and ethics in economic systems.

Conclusion: The Quest for a New Economic Order

The quest to replace capitalism with a more equitable and sustainable economic system is ongoing. While the exact form of this new system remains uncertain, the gradual transition will be shaped by technological, social, and philosophical developments. As we move forward, it is essential to consider the complexities and challenges of this transition to ensure a harmonious and prosperous future for all.