"It was tried in the decades before the Great Depression. It didn't work then. It was tried in the last decade. It didn't work," he said. "You know, the idea you would keep on doing the same thing over and over again, even though it's been proven not to work. That's a sign of madness." Did Obama Say Capitalism Doesn So folks.. is capitalism dead? Is self initiative dead? Do more people today want the govt. to tell them how many kids to have? What food to eat? Where to live? Where to work? No choices? Not responsibility for their own life?