Ahhhhh, no.
The sort of "capitalism" he is talking about that is "indefensible" is CRONY capitalism. Get it?
Just like when Chase, Wells Fargo, BofA & Citi, all exploited, lied to and rip off all those sub-prime customers.
Good thing government sponsored Freddy & Fannie where there to ensure Capitalism was not corrupted in any way or fashion.