Has Capitalism Failed?

Here is an Oxford Union debate on this question:

http://www.aljazeera.com/programmes/headtohead/2013/06/201361294652861958.html

For me, of course capitalism has failed - itself and the world because it does NOT work for the:
                           greater common good of individuals

or

                       greater common collective good of nations

Its central focus is to make money by money for individual greed be it by duplicity, lies, outright thievery or fraud.

As it is:
                   it is a promiscuously degenerate criminal activity.