Its a failure of government and a failure of culture not a result of the economic system.
if the system does not account for its government, or its culture, then the system is wrong, and will fail.
you can not expect success from a system that fails when up against human nature, its literal purpose is to interface with humans.
that being said, no system lasts forever and should be considered only as useful as the how effective freedoms are and the length of time it can be maintained