And for the writer commenting on the "Lord", take a look at pope Benedict's encyclical on the world economy. Even the Vatican is chiming in.....

Great comments. Unfortunately, some may had viewed an earlier comment as either anti-capitalism, pro- Obama, or even Marxist. Wrong on all counts. Point being made is that the way capitalism is being deployed is not working like as it was desired. Is that due to greed, excessive and incompetent regulations, overweighted banking system (as the top 20 banks control over 90% of US financial assets)....certainly. Entrepreneurs embody capitalism, and other places are doing more for getting funding into small business than the US, thru movements like Crowdfunding. Take a look at stats coming out of the world bank on growth in various countries and look at their respective models. Check out James wolfensohn's comment to Stanford business school (last June) on the expected shift in wealth in the world from the former G7 to the BRIC countries, Africa and elsewhere. Interesting that the models being used by the forecasted winners are not purely one system or another. Fact is that countries other than the US and thru Europe are building their economies in various ways. One of the core differences is how the growing economies have financed themselves. We and much of Europe have financed the future with debt, which is not sustainable, and we are facing the consequences go that . Take a look at education and infrastructure investment in the developing markets. Look at their savings rates. Think wolfensohn suggested that the current 80-20 split between population and wealth, I.e., now 20% of the worlds population controls 80% of the worlds wealth will be shifting, given population growth, trechnology transfer, rising education levels and so on will see the current 20% lowest in wealth will actually own 65% of the worlds wealth in 15 years. Whether it is supporting more pure capitalism initiatives, it should really be about how to compete and succeed in a changing world. Being solely focused on one method, rather than what works to create for a better socio- economic fabric , I believe is shortsighted. We don't play in a vacuum. We need the best and the brightest to figure out the best methods and practices going forward. Unfortunately our bankers and politicians tend yo be myopic and unwavering in their views. World has a lot of moving parts and methods and we need to develop improved models to advance competitively. Marxist? Don't think so. Pro- Obama? Couldn't be further from reality. Last point...for those who subscribe to pure capitalism, What are your thoughts to apple having nearly all of it's manufacturing in Asia? Over200,000 manufacturing jobs in china. Should the US do something about that? China would not be construed as the quintessence of capitalism, but with better manufacturing capacity and talents, as well as cost structure than the US, our most valuable company has "exported" jobs. It's about competitive and comparative advantages, And our method of capitalism seemingly didn't win that one..

While the conversation about capitalism is outmoded, a similar conversation took place three years back at davos. As the financial crisis was building in 2009, there was discussion about the pitfalls and evolution of capitalism, and posited, as referenced in Time magazine, whether a rethinking of Karl marx's philosophy was appropriate. As a free market "capitalist" personally, I am also a student of models, be them business, economic or societal. But Marx was quite prescient in how he saw capitalism evolving and effectively squeezing out the middle class. Sort of how profits (and those that control such) accumulate more at the expense of wages. A cadence espoused br the occupy movement? Even further, one should consider the merits of the school of binary economics that proffer broader wealth merits all in society, but not thru redistribution, rather thru programs that enable everyone to create wealth. Also of interest is looking at the Nordic model. True, high levels of public sector spending, and exceedingly high union membership, but market economies that reflect higher per capita income levels, better education and a series of other positive attributes. The gist here..... The narrative should not be one of capitalism vs. socialism, rather, we should step back, assess the pluses and minuses, establish what our socio-economic goals should be for a sustainable and growing society, and develop a new vision. New models are the way of the world, such as social media, social networks, online retail, and so many more.