capitalism crisis?

Wity as ever, Winston Churchill once said, "capitalism is a bad system, but the others are worse.” Samuel Brittan looks at how booms and busts have been features of capitalism since the beginning. “The beginning of wisdom is to recognize that financial booms and busts have been a feature of capitalism from the very start. Indeed they are as deep-rooted as human gullibility and greed. Charles Kindleberger’s "Manias, Panics and Crashes" impressively documented this. He has a table listing more than 30 such events, starting with the South Sea bubble of 1720 and ending with the New York Stock Exchange crash of 1987. Although some analysts have tried to discern a periodicity in their occurrence, I can only see an irregular succession with some crises succeeding each other at intervals of about a decade so beloved by old-fashioned business cycle theorists, but others coming hot on the heels of their predecessors after only a couple of years.