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Hello, I'm joined today by two economic commentators, Edward Lutvak and Anatol Kalezki, to look at capitalism

through the century.

In 1848, Karl Marx in the Communist Manifesto described the dynamic force of capitalism as it swept

through the 19th century.

Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation.

All that is solid melts into air.

From Marxist critique of capitalism in the 19th century through to the collapse of communism at the end of the 20th century

have we witnessed the triumph of capitalism or are we only now learning the full costs and the

social impact of unfettered capitalism?

Edward Luchvark is Senior Fellow at the Center for Strategic and International Studies

in Washington, D.C.

A native of Romania, he lived much of his early life in Italy and was educated in Europe

and the United States where he now lives.

He's the author of The Pentagon and the Out of War, The Endangered American Dream,

and his latest book is called Turbo Capitalism, Winners and losers in the global economy.

He's been in London giving a last word in the city lecture on the future of the European Monetary Union.

Anatol Koletsky's economics commentator and associate editor of the Times, educated at Cambridge University in Harvard,

is written extensively for the Economist and the Financial Times.

As well as a regular contribution to the Times, he's the author of The Costs of Default and In the Shadow of

debt.

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