Eric Hobsbawm: Socialism has failed. Now capitalism is bankrupt. So what comes next? | Comment is free | The Guardian
http://www.guardian.co.uk/commentisfree/2009/apr/10/financial-crisis-capitalism-socialism-alternatives

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Eric Hobsbawm: Whatever ideological logo we adopt, the shift from free market to public action needs to be bigger than politicians grasp

"Impotence therefore faces both those who believe in what amounts to a pure, stateless, market capitalism, a sort of international bourgeois anarchism, and those who believe in a planned socialism uncontaminated by private profit-seeking. Both are bankrupt. The future, like the present and the past, belongs to mixed economies in which public and private are braided together in one way or another. But how? That is the problem for everybody today, but especially for people on the left."