"Capitalism has been blamed for the Great Recession of 2007-2009 and for the financial crisis and bailouts of 2008, but it’s not “capitalism” but the mixed economy and corporatism-cronyism that did it. We’ve had corporatism in the U.S. for roughly the past century, and it’s getting worse over time; it’s also the system we’ve seen in Europe since at least the time of Germany’s Otto von Bismarck, who launched the womb-to-tomb welfare state in the 1870s. In the interim, of course, Europe also imposed communism, socialism and fascism. The result, we know, was mass murder, world war, and the continent-wide destruction of wealth."

http://www.forbes.com/sites/richardsalsman/2011/12/07/capitalism-is-decidedly-not-corporatism-or-cronyism/