Future of Capitalism

About twenty years ago, the fall of the Berlin wall in 1989, was the symbolic end of the cold war and the victory of capitalism over communism. About two years after the great recession of our times began; we can look back in retrospect, analyse and dissect the reasons for such a spectacular failure of the economic policies of the world. It is time to question the three pillars of modern capitalism: privatisation; de-regulation; and global economic 'liberalisation'.


On March 3rd, The Al Jazeera television network aired its television show 'Empire' which featured a number of luminary panellists. It features a number of strong messages and opinions and plenty of fodder for comments. Chief among those are:

What does the future hold for crony capitalism? What are the alternatives to neo-liberal globalisation? Is there room for democracy in capitalism? Should the world have gone in the way of Communism or Marxism? Will national debts ever be buried? Will economists/politicians learn from their mistakes?