The Real News Network has published the final epsisde Capitalism Will Hit the Wall Again, Hard – Heiner Flassbeck on RAI (5/5).

FLASSBECK: Yeah, but public ownership is politically blocked. And even public spending is blocked politically. So the capitalism are blocking themselves. They’re blocking themselves by blocking everything. They’re not investing themselves. They’re blocking the government from being the big spender and taking on government debt. They’re not giving income to the workers. So the whole system comes to an end. It hits the wall at a certain point.

So what I expect is a bigger crisis than we have seen.

And then again comes the question: do we find the politicians who are able to learn the lesson from this bigger crisis, maybe the big depression or however you may call it, to find a way out into a new system? Which, in my opinion, should not be a totally planned system or a socialist system or something like that, but again a mixed system, where we have a strong government that is regulating the most crucial things. The most crucial things are the financial markets and the labor market. This has to be regulated by the government. Otherwise it cannot work

Paul Jay is looking for the one easy solution, but Flassbeck refuses to buy what Jay is suggesting. If Paul Jay ever finds that easy solution, he would deserve at least a Nobel Prize.

Rather than looking for the one easy solution, it might be easier to come up with a number of things we definitely should not do.

The one thing that comes readily to my mind as something we should not do is to anoint Hillary Clinton as our next President in 2016. She may be the least likely Democrat to understand the issue and really want to take steps to fix it. People who have an inkling of a clue are Elizabeth Warren, Bernie Sanders, Jeff Merkley, Alan Grayson, and I am sure others of whom I am unaware.

In the Massachusetts Governor’s race, I am thinking that in order of awareness it might be Don Berwick, Martha Coakley, and sad to say Steve Grossman in last place. I was a fan of Steve Grossman until his recent turn toward Super PAC funded negative advertising over invented issues.