It is a sad reality but the problem was with the wrong regulations in the wrong places without oversight. The problem wasn't capitalism. And as I have said, if we were educated enough as a people (I am not talking about you) we would be able to fill the high-tech jobs that are going unfulfilled as we don't have enough qualified candidates to fill those positions.
In addition, despite our problems, we still have one of the greatest economies in the world. We simply have higher expectations than rest of the world which is not necessarily a bad thing.