Capitalism needs root-and-branch shakedown of the ‘fruits of greed’

SO, capitalism is in crisis. The Americans have had the most extraordinary week when a crisis in the financial markets got mixed up in the presidential election.

The search for a solution in the US, still not resolved, has threatened to undermine the authority of the office of the president itself. How many times throughout the week did you hear President Bush referred to as “not so much a lame duck, more a dead duck”?

And throughout the week, again and again, there were references to 1929 when the very concept of capitalism and the markets was almost destroyed.