Why we need another system

From Wikipedia: Capitalism is an economic system in which the means of production are privately owned; supply, demand, price, distribution, and investments are determined mainly by private decisions in the free market, rather than through a planned economy; and profit is distributed to owners who invest in businesses.

Capitalism has obviously pushed us on a long way and it is hard to argue that society has not benefited from it, the poor of our grandparents day were many times worse off than the poor today.
What seems to have happened though is that Capitalism has run its course. We have the infrastructure in place for law and order, health, education, employment and welfare. All we seem to be doing now is rearranging the furniture and tinkering with the edges. Capitalism has run its course and now it just seems to be turning in on itself.
As the description states, the system is privately owned and what this means is that making a profit is the driving force. As we have seen in the recent banking crisis, the need to make larger profits drives people to take bigger risks which results in ever bigger crashes. The utility firms, well aware that people are struggling to pay their bills, continue to raise their prices. No sympathy if you cannot afford to pay, they just cut you off or have you up in a court of law threatening prison in the case of the tv license.
The case in America where a privately run youth prison was paying a judge to incarcerate young offenders was a stunning example of how the rush to make a profit precedes any thought of doing what is right for the people it is supposedly being run for. An extreme example granted but an example of the ruthlessness of a company and a judge that had no consideration for the lives they ruined.
The main criticism of Communism is that people wouldn't share or do their part
but is what we have now, where companies can ride roughshod over what is best for society, any better? No sharing there, if you can't pay for it then you go without no matter if its electric, food or water.
BP is much in the news recently and they are serial offenders in bad business practises bought about by trying to cut corners to raise their profits.
The recession has led to mass unemployment through no fault of there own who now find themselves at the welfare office while the public face huge cuts and the financial markets that caused them, get handed billions to prop them up and are back to making huge profits and paying themselves obscene bonuses.
Capitalism was a force for good but it has outlived it usefulness.
There are people literally dying because they cannot afford to buy medicine or the health system is having to ration drugs because the pharmaceutical companies charge such hefty prices.
I don't know what we can replace it with, that is for the politicians to work out, but we need a new system to sustain what we have because we have moved into a phase where profit trumps everything, including lives, and that's not a good place to be.