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Is capitalism under threat?

As the UK government, the EC commission and various governments around the world continue to introduce new rules regarding the worldwide banking sector there is concern that capitalism and the free market are under threat. So is this the end of the free market or are we entering a new era and a new style of capitalism?

The truth is that governments and regulators round the world have been trying to rein in the power of the financial sector for some time and the credit crunch has given them the perfect opportunity to step in on behalf of "the worldwide population". In reality it is governments and regulators around the world who have allowed the banking sector to grow in power and influence and ultimately now the monster has grown too powerful they have now decided to rein it in.

Capitalism is a focal part of the worldwide economy although there is every chance that capitalism and the free market will be watered down in the short to medium term to appease governments around the world. However, for the worldwide economy to perform satisfactory in the future it needs to have a sense of freedom, under some form of regulatory framework, to allow businesses to grow and move into new and exciting areas which will emerge in the future. Capitalism is not dead but the monster is now on a tight leash!

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