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A Capitalist Reformation

I believe there is a change, but the change isn't capitalism, it is our view of capitalism's underpinnings, the fiscal and monetary policy of our government. In the 1930's Keynes upset the prevailing understanding of capitalist economies, which until then had focused only on monetary policy to the exclusion of unemployment. The last big shakeup in economic thought was the early 70s when we realized that Keynes didn't have all the answers and that both fiscal and monetary policy were important.

A large cause of the problems you cite are related to over investment. This over investment was driven by low interest rates. The process of over investment and shake-out, or that every boom is followed by a bust, appears to be as relevant as the "full employment, low inflation, GDP growth" targets of our Federal Reserve. The austrian school of economics and the boom/bust of business cycles seems to explain what is going on.

Capitalism didn't create low interest rates. It took advantage of them.