In this short RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism, towards a new social order that would allow us to live within a system that could be responsible, just and humane. View his full lecture at the RSA. Download a transcript of this video (pdf).
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CRAP is CRAP no matter how you much catsup you pour on it. The solution in Washingtom is make it your business to "unseat" every encumbant politician. Stop thinking its everyones else's elected officials are full of crap, not yours. They are ALL guilty by commission, or omission.
You are right. This presentation tries to identify a bigger systemic problem when the real problem is obvious -- too much debt. The U.S. government encouraged lenders to grant mortgages to households without the ability to repay. They still do, backing almost all mortgages through Freddie and Fannie. Governments around the world are deeply in debt because they promise more to their people than they can deliver without going deeply in debt. This is not a crisis of capitalism but of socialism. The problem is so much simpler than the presentation, but the author started out looking for confirming evidence to condemn capitalism.
That's gibberish.
Why is the article titled "Crisis of capitalism".. it should have been titled "Crisis of socialism"..