Will capitalism fall like communism? Another Dr. Doom says yes


Before you go shoot your arrows at Nouriel Roubini, hold your horses. This is yet another Dr. Doom, Marc Faber, the author of "The Gloom, Boom & Doom Report." And before you decide he's anti capitalist or anything of the sort, hear him out.

Faber says that a sustainable recovery will occur only when the corporate system is cleansed of losses, and he hopes this happens by free market forces rather than government intervention. If this does not happen, and as it stands now he believes governments are trying to protect their poor investments and thus prevent this from happening, then he thinks capitalism risks collapsing "the way communism collapsed."