There is an overwhelming opinion amongst politicians, economists and thinkers across the world that the cause behind the ongoing disaster of the economic recession is the ideology of Capitalism itself. Capitalism protects the interests of the capitalists - filling their pockets at the expense of the rest of the people.

It has deprived millions of a basic standard of living in order to secure the comforts and luxuries of the capitalists and has divided the world into two: the 5 per cent of people who own more than 80 per cent of the world’s wealth and resources and the remaining 95 per cent of the world’s population who barely own 20 per cent of the resources.

Political leaders and economists seem unconvinced that they are able to provide a solution to this serious recession. Indeed, they appear to believe that the capitalist ideology is unable to provide answers for this recession. Similar convictions have been expressed by senior politicians such as Nicholas Sarkozy, Gordon Brown and others. They ha... Read more »