Ten years after the financial crisis, capitalism has failed as a social arrangement that provides capital for companies to innovate, grow and create jobs.

The crisis has cut off the capital of the economy.

A failure of capitalism brought to strengthen calls for protectionism, also pose a clear to Europe's economic prospects and the threat of reality: the eu did not create the future of the enterprise or jobs.

Sixty per cent of the world's most valuable companies come from the us, from less than 15 per cent in Europe -- well below 30 per cent in 10 years.

And China is catching up.

With youth unemployment at close to 20 per cent in Europe, the time for reform of the eu's economy to benefit its 500m citizens is fading.

The public sector can no longer provide new jobs, and big companies have not added jobs since the crisis.

But Europe has more small and medium-sized businesses than the unemployed.

The most dynamic of these companies created more than 40 per cent of new jobs in two years, with compound growth reaching 100 per cent.

Their potential to transform Europe's economy is obvious.

We have to address the problem of Europe's deteriorating performance in the development of a dynamic start-up into tomorrow's global enterprise.

Europe's corporate finance system is efficient for large companies that rely heavily on debt to deal with payments.

But it is fundamentally unsuited to helping companies that are most capable of driving economic growth and creating jobs.

Dynamic start-ups and small and medium-sized enterprises that accept bank loans must prioritize managing this debt, or risk default.

They need long-term investments to make use of capital to innovate and develop.

However, although last year there were 57 billion euros of taxpayer funds in Britain and Europe that were used to subsidize tax-deductible corporate liabilities, the equity was taxed at four times per euro.

This is a clear explanation of where capitalism is at its best.

The focus on the debt also explains why the crisis has been as a result of excessive leverage in the banking system.

To make an economy service for everyone, capital must flow from bottom to top: flow from investors to innovators and small businesses, rather than being centralized, from the central bank from top to bottom, through several Banks to mature industries.

Because if the growth potential of smes is obvious, the potential for equity financing is even more obvious.

AIM, the London capital market for growth companies, raised 114 billion euros in 20 years for nearly 4,000 companies.

Companies listed in the market are five times more likely to export than the UK average.

Due to the small and medium-sized enterprises (smes) are highly innovative (Europe's fastest growing a thousands of enterprises have nearly a total of 8000 trademark and patent), they created a high quality jobs, improve the productivity.

As the us announces further steps to boost capital, Europe needs to act quickly.

The capital markets alliance is vital.

It will simplify access to multiple sources of funding for small and medium-sized enterprises, including access to capital from non-eu regions.

Despite Britain's decision to leave the eu, London still has a vital role to play.

Last year, 76 per cent of the capital raised in Europe's growth markets was raised in London's alternative investment market, with the average value of listed companies reaching almost 100 million euros.

Our Elite pan-european business development projects to help hundreds of high growth potential and access to capital, enterprise development and the liquidation of our global liquidity reserves to help customers to save billions of euros in regulatory capital (let the money can be deployed in the real economy).

Through readjusting taxation system, to the debt financing of the financing way other than a chance, we can drive economic growth, and is a kind of benefit many people, rather than a few ways - eventually save capitalism itself.

The world will judge Europe by its ability to create jobs for its citizens.