Ralston Saul: Capitalism Fails in an Economy of Surplusbr Australian Broadcasting Corporation - Melbourne Writers Festivalbr Longtime outspoken critic of globalism and what he calls the "rationalist elite," John Ralston Saul argues it's time for a big shift in our political and corporate thinking. Despite the promise of a shiny new world order of globalism for the past forty years, he argues, 19th century European ideas of progress borne out in the industrial revolution continue to dominate the direction of the world.To a packed house at Melbourne's RMIT, Ralston Saul argues that the worldwide reliance on and faith in globalism has led to war, financial meltdown and a failure to find solutions to important challenges such as climate change.