Capitalism’s in need of an overhaul

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Simon Caulkin is, in my opinion, one of the best business witers there is.

He's written a powerful piece on why it is hard to be an optimist now which includes this telling, and I think true,paragraph: 

Let’s face it, if the private sector, the engine room of capitalism, is now too feeble to keep people in work, in food and shelter and in decent retirement, then either capitalism ceases to be defensible, or the engine room needs a complete and urgent overhaul.

It's worth reading the rest.