The Nation has a series on ways to reinvent capitalism. Eugene McCarraher says: dump it entirely.

[the_future_modernes]

The End of Capitalism and the Wellsprings of Radical Hope

But the iniquity of capitalism goes deeper than its injustice as a political economy, its amoral ingenuity in technical prowess or its rapacious relationship to the natural world. However lissome its face or benign its manner, capitalism compels us to be greedy, callous and petty. It takes what the Greeks called pleonexia—an endless hunger for more and more—and transforms it from a tawdry and dangerous vice into the central virtue of the system. The sanctity of “growth” in capitalist culture stems from this moral alchemy, as does the elevation of market competition into a model of human affairs.

The truth is that people matter more than money. While most everyone would agree with that statement, few of us direct our lives guided by the principle.
benchamp

Conscripting us into an economic war, capitalism turns us into soldiers of fortune, steeled against casualties and collateral damage, ransacking the earth to fill the shelves and banks with plunder. Capitalism stands condemned most profoundly not by its maldistribution of wealth or its ecological despoliation but by its systematic cultivation of people inclined toward injustice and predation. And I think we on the left need to start dismissing as utterly irrelevant the standard apologetic riposte: the material prosperity and technological achievement generated by capitalist enterprise. No amount of goods can compensate for the damage wrought on human nature by the deliberate nurturance of our vilest qualities. The desecration of the values we claim to hold most dear is the primary reason we should want to abolish, not reinvent, capitalism.MOR

Personally, I'm beginning to agree.