Is This The Death of Capitalism?!

The End of Capitalism?

The financial system is ceasing to function effectively. The government needs to step in to support the financial system, or else capitalism is over, says Paul Donovan, senior international economist at UBS. He speaks to CNBC's Stephen Sedgwick & Maura Fogarty.

Lehman , Merrill , AIG : bankruptcy, buyout, government bailout. Goldman Sachs shares slide amid the fear. And Morgan Stanley is desperately seeking a merger. What does it all add up to?

The death of capitalism, says Paul Donovan. The senior international economist at UBS says governments must step in to steer the global financial system -- or the free market as we know it is doomed.

Watch the video for his frightening prediction.

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