democracy tandem i'm joined by david spikelet in chicago he is a professor of philosophy at layo university chicago in new york we have howard gold he is a columnist for market watch and founder of the independent agenda and in london we crossed to richard wellings he's deputy editorial director at the institute of economic affairs all right gentlemen this is cross talk that means you can jump in anytime you want and i very much encourage it but first is the capitalism democracy tandem really on the rocks well we're certainly seeing massive amounts of discontent over the. what has been functioning and beginning at least with two thousand made the world and specifically its western part has been undergoing momentous changes in its financial and political system ever since the credit crunch significantly undermined the global financial architecture the entire western paradigm which has for a long time assumed as one of its basic tenets the synergy between democracy and capitalism is now being seriously questioned the global occupy wall street movement is just one example of disillusionment with the p