Immanuel Wallerstein: Capitalism Collapse? 'Cash grab system cannot survive storm'

He does not acknowledge Peal Oil or the ecological crisis - He admits himself that he is a prisoner of 20th century thinking - but this is a refreshingly intelligent discussion of the crisis of capitalism

There is barely a corner of the globe that has not been touched by the current financial meltdown. But a senior sociology scholar at Yale University thinks the crisis is far wider than the economic crash - it is capitalism itself which is collapsing. Immanuel Wallerstein explained his theory to RT.