True, it would be foolish to argue that capitalism is dead and no longer functioning. Capitalism is alive and well, being supported by state-intervention as it always has been.

But these days, we are hearing ideas proposed that would never have been proposed 10 years ago.

Recently, Argentina has proposed nationalizing their pension systems. This only 10 years after a complete collapse of Argentina's economy at the hands of the IMF.

Also, Russia, Iran and Qatar have taken steps to form a Gas Cartel similar to the same system of OPEC. It would control almost 60% of the worlds gas and further enshrine the economical power of Iran and Russia. Iran's stock index has been soaring this year mainly due to the fact that Western nation sanctions pulled 'risky' money out of the country. Russia enjoys a major account surplus and has recently bailed out Iceland.