I have for months now forecast the demise of the capitalist system. Energy limitations will prevent the expansion needed to sustain the business and political model that capitalism needs to survive.

It is maybe a good thing that the Bush bailout plan has failed to pass the Congress. What is needed is radical change, and although the bailout did give some hope, in that it indicated that the problem was seen to be there, in the long term it would probably have failed due to no real change being made in the way things are done. In short, the removal of massive funds by those who have the power to do so would remain the way business is done.

Quite simply, there is too much self-serving greed in the capitalist system at the top levels. This makes it look similar in some ways to the Soviet Communist system that failed.

It may be that the US will end up with a similar political and business model to that of China, where the government is forceful in its dictation of the way things will be done in a communistic manner, while encompassing capitalism at the lower levels.

For now, we have a good situation, in that those who have been sucking the life blood from the system will soon be no longer able to do so, as there will be no blood to suck. The risk is that this will make the US similar in some ways to the Germany of the 1930's, and we all know what happened there.

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