Night Waves - 17/12/2008

Philip Dodd and guests debate the state of global capitalism, asking whether the conditions that led to the credit crisis are an aspect of capitalism's essential nature. Is the capitalism we have today the same as the system Karl Marx analysed in the 19th century? Or does it change over time, and in different national contexts in Britain, India and China? Are we witnessing the later phases of capitalism or are we just at the beginning?