"Gone is the communist scarecrow, so useful for relativising the phenomena of poverty in the West; liberal capitalism has lost its best alibi. From now on, the zones of poverty in the European Community and in North America, the overwhelming misery of underdeveloped countries, the social disarray of countries finally emerging from communism – all of these will be attributable to the only economic system still in place, which is unable to find a new lease of life."
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Original Language: English
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Sources
Claude Julien, "L'alibi perdu" (The lost alibi), in ' (December 1991), p. 1, 16 and 17.
https://en.wikiquote.org/wiki/Capitalism
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Capitalism
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