John Gray argues that one side-effect of the financial crisis is an increasing number of people believing Karl Marx was right, that capitalism destroys the bourgeoisie.

The author and philosopher John Gray presents a hard-hitting talk about capitalism.

He argues that one side-effect of the financial crisis is an increasing number of people who believe that Karl Marx was right.

He outlines why Marx's belief that capitalism would lead to revolution - and end bourgeois life - has come true. But not in the way Marx imagined. For increasing numbers of people, he says, a middle class existence is no longer even an aspiration. "More and more people live from day to day with little idea of what the future will bring".

"It's wasn't communism that did the deed" he says. "It's capitalism that has killed off the bourgeoisie".

Producer: Adele Armstrong.