What a question, we haven seen a true Free market, capitalist system since the late 1800, early 1900! Our system has been hijacked by the politicos and has been morphed into a socialistic fascist hybrid. If only we have a True Capitalistic system there would be no limit to the heights human exists could reach.
No, the limits of credit expansion based economies is the ability to create enough new credit values as need to continue the debt payments (interest payments) on already existing debts. Hear this cat from SDSU present on this at the California sociologocal Association with a paper he called “Creditism Formula” back in 2004. I’ve followed him for some nine years now - “Creditism, Global Credit Economy,” “The Credit Expansion based Econoimes” of firsr world nations, “Global Economic Arbitrage”... all looks like stuff this guys has been writing about for about ten years. Here is one of his more early works:
net4dem.org/mayglobal/Papers/GregoryMorales.doc
I heard his rap at the ASA back in 2004 as well, Credit Economy theory - old stuff this. Heck, just check out that person’s linkedIn site - the list of work on this topic goes on and on and on....