American Business Model

Since the global economic meltdown of 2008 and 2009, a number of economists around the world have begun to argue that the American-style model of capitalism is fundamentally flawed, and that the economic excesses exposed in 2008 and 2009 were reflective of a broken system badly in need of repair. On the other hand, despite the acknowledged excesses of the American system, do you believe that there is a better alternative? Do you think that steps to socialize or centralize economic planning can address perceived and real flaws in market-based capitalism? Do you agree or disagree that there is anything fundamentally flawed with the American business model, and to what degree-if any-business law can address those concerns and dangers?