Robert Reich is certainly right on about the demise of capitalism. Corporations stack the deck so much in their favor that capitalism as we used to have it, as it used to benefit average people, and lift them out of poverty, is pretty much dead.
Unfortunately for future generations, I'm pretty sure the demise of the kind of capitalism we used to have was inevitable. You can go back to the '20s and '30s and find critics of capitalism describing this exact scenario in great detail.
Like Empire America, the seeds of capitalism's own destruction were sown at it's very birth. It was a good run, though. It's kind of like cocaine. For a while, you're on top of the world, and everything's terrific. You love everyone and you've never been so productive. But eventually, it's going to rot you from the inside and you end up turning tricks and snatching purses.