Talking about financial crisis became boring and out-fashioned especially since the last two- three years. Business world became engulfed with despair than hope, as crisis happens in a series mode. In the context of the perpetuating crisis, this years’ Davos WEF meeting has a more fundamental topic to discuss- the relevance of capitalism. Indeed, the discussion on the topic is quite irrelevant because of the unavailability of alternative economic systems.

Recession, brewing inequality, job losses, corporate greed, public protests, new problems and diseases are appearing without getting solutions to the existing problems. Policy makers and governments are not successful in ending the frustration of the people by eliminating the problems in the world economy. Of course, capitalism is facing the biggest crisis of confidence nowadays.

A product of the time is ‘Financial Turmoil in Europe and the United States’ – the new book of billionaire investor - George Soros.  “We are in the midst of the worst financial crisis since the 1930s “–says Soros in the book. Mr. Soros’s view is shared by many other pundits at this year’s at the World Economic Forum meeting at Davos as well.

An onlooker, of the global economy ought to be surprised, if the WEF, 2012, concludes by predicting the future of the capitalism. At least, the participants like passengers in a turbulent ship, may share something, console each other and pray for good things to happen. The time for SOS for the world economic system has reached.

Tags : world,economic,forum,capitalist,system