An economy based on capitalism is inherently crisis-prone. This is because it is under the influence of forces that make it unstable, self-destructive and anarchic. Since the 1930 crisis, capitalism has been experiencing its greatest crisis globally (Mayobre, p 216, 1999). The global markets have been characterized by plummeted stock markets, a long recession in prospect and the banking systems being saved from meltdowns through government interventions in countries such as Britain, and USA among others (Maiti, p 2, 2010). With such effects brought about by the global financial crisis recession is in prospect. I strongly believe that capitalism is on the collapsing verge.

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