The present crises in the global economy are a fulfillment of academic predictions that capitalism has internal contradictions that will eventually destroy it as a viable economic option. There are two: (1) capitalism in its industrial production uses natural products (e.g., petroleum, minerals) and converts them into unnatural (polluting) products that are returned to nature, thereby slowly destroying the natural balance on earth. The emissions into our atmosphere are the ones that are most often in the news, but of course there are many in our landfills and the oceans are unfortunate repositories of many pollutants. This, if not corrected, will slowly cause capitalism to grind to a halt and threatens all life on planet earth. This is correctable if we heed the call of those advocating Natural Capitalism (see: http://www.natcap.org/). This one is a long-term threat. The second one is a short-term threat, the threat that we are now facing both in America and globally. It is (2) the fact that the gap between the rich and poor (both individuals and countries) is widening rapidly. In America, for example, while the rich are getting enormously rich and can effectively prevent higher taxes on them, the middle class is slipping into the lower class and the lower class is becoming destitute and homeless. This is also happening to varying degrees in all other countries that follow more or less closely America’s cutthroat brand of capitalism. The emergence of the Tea Party in American politics is merely the latest and most extreme example of the political and economic clout of the super-rich under capitalism. The majority of people are now bewildered and becoming angry, but most hold out the hope that this is a temporary situation and that things will smooth out and the growth bubble will continue. I am one of them, but what I see scares me. My fright come from this: in my lifetime under capitalism the rich got very rich but the middle class didn’t care because they too were getting richer, if not as rich. Now, the rich are becoming, or have already become, super-rich; while the middle class has stopped growing in wealth and is slipping toward poverty. The middle class in America has also lost political power because they have allowed the rich to dominate the political system. Most don’t even bother to vote or are cynical about the importance of their votes. When bewilderment turns to anger, and that anger is converted into action, we might have trouble, the kind that can lead to the chaos now in progress in the Middle East and other parts of the world. On a global scale, scary events are at work in Greece, Portugal and other countries that are facing a debt crisis. If the rich are not willing to sacrifice to help avoid system failure they may kill the system that creates their phenomenal profits and pull the rest of us down at the same time.