by Anthony Painter

Something is going seriously wrong with capitalism.

Yeah, we’ve heard all this before from you green nuts, socialists, idealists. Why don’t you tell us how mean, corrupt, selfish and deluded we all are again? Whatever.

No, really, something is going wrong with capitalism.

I’ve just said, walk on by – do your recycling, save some workers, sell some Marxist newspapers.

No really…

And this time it really is different. It’s no longer just the fringe that says so. It is the mainstream. And not just the political mainstream. The business and academic mainstream. What’s more, politics, even social democratic politics is light years behind. The new radicals are to be found within the temple of capitalism itself.

Take this:

“There is growing concern that if the fundamental issues revealed in the crisis remain unaddressed and the system fails again, the social contract between the capitalist system and the citizenry may truly rupture, with unpredictable but severely damaging results”.

Who is this dangerous revolutionary? Well, it’s none other than Dominic Barton, global managing director of Mckinsey & Co. Yes, McKinsey & Co. (more…)