Despite the painful paradox of this headline its content stays unchanged. Not even a half week of optimism around the economic globe following the vague announcements of the EU summit in Brussels, news from the US labor market and new problems in Spain and Italy have sent the markets downwards again. There is an increasing obviousness of erosion in systemic confidence reflected by these increasing levels of volatility. The vicious circle is becoming more and more obvious: signs of depression are followed by political intervention; political interventions are followed by depression and so on.  The question might be justified if the current market volatility is still reflecting markets or if it has already started to reflect the agony of an entire system.

There is an undisputable urgent need for growth at least in all emerging economies: if it is about infrastructure in megacities, electricity grids and power generation in Africa, educational systems, road construction, medical services, to make it short: even basic needs are still not met in a majority of countries around the world while the developed world starts to erode.

Millions of qualified people are without jobs in one place. Expertise is urgently needed but not affordable in others.

The world has witnessed an unprecedented technical revolution in the last two decades allowing high frequency transaction processes, almost full accessibility of information and cross-national availability of data. But the financial system along with local elites have not followed this pace, leaving whole continents financially dry, hampering growth and development.

Capitalism in its current form is not a naturally given phenomenon. It is a historically grown framework to distribute material goods and services within and among societies. If it fails to serve this need, the demand for change might unavoidably rise.

Currently the public discussion is still based on the term of crisis. If the public trust to and the credibility of ruling elites further erode, as long as objective evidence and subjective experience are still neglected in commercial media, the demand for change may be a logical consequence.

If people in Europe for the fifth consecutive year of austerity do not see any benefit of their sacrifices despite eroding medical and educational standards and services for example, the quest of systemic failure might occur sooner than expected