Idea to save capitalism

Investment banks, banks, hedge funds, financial wizards, powerful politicians. Have all contributed in some measure to the present crises the World is in. Every one blames capitalism for the wrong reasons.
 Numerous books, expert advice.... all have one theme in common and that is: financial institutions, investment banks, and their employees made disproportionate profits at the expense of tax payers money in different countries, poor became poorer, and pensioners faced a bleak future. Why this is happening?
Despite mounting evidence of financial skullduggery, billions of dollars were pumped to bail out financial institutions for their misdeeds. The result: Financial Institutions have been saved to lay the foundation for another financial crises, minimal economic growth, bleak future for pensioners, high rates of unemployment.  If governments of various countries are serious to save their respective economies then don't allow deposit taking financial institutions to invest in stock market and financial derivatives. Speculators including investment banks should fund their adventure with their own money and not the tax payers.

In the real world, there is no real capitalism, no real free market, no ethics, no morals, & no values.
The western world is anything but capitalist. Every large bank, large financial institution, large insurers know that they can freely pursue their indulgence, without facing their consequence, knowing fully well that they will be saved by the in government and that there is no punishment for their misdeeds.

Is there a free market? The answer is no. Large banks, financial institutions have so much money and power to manipulate any market. The only section to suffer ignominy are the retail investors.

If the countries in the world follow current course of action then the result is clear: No Positive Result.

What should be done by different countries in the world to come out of this economic conundrum?
Every country should understand what governance is.Every government is servant of its people. It directly follows that all institutions (including banks & financial) that support the in government in its governance are also servants of its people.
Every in government should strive for the wellbeing and welfare of the vast majority of its people. Is this the case in the real world? The answer is a clear no. Every in government works for the welfare of a small percentage of its people.
Every in government in the world should not dance to the tunes of their stock markets. Thanks to dancing to the tune of Wall Street, USA lost its technological and manufacturing prowess in the process. It created a manufacturing giant China out of nothing. It inflicted a huge financial deficit upon itself.
Can economies in the world grow without satiating the appetite of stock markets? Can we have pension schemes that are different from pay as you go or DB? Can we raise finance for companies that are long-term like equity but without its associated costs? Can we get rid of investment banks, hedge funds, and financial derivatives? The answer to these questions will be attempted in the coming days.
Financial innovation that eliminates dependence on stock markets & elimination of investment banks will make world economy stable. Powerful investment banks can manipulate stock markets & stock prices at will.
Companies with no pressure to answer the call of stock markets will become more responsible socially & have less temptation to shift manufacturing base.
Pensioners in any part of the world would like to have steady pension that is not based on speculation. A fixed rate for pension can be fixed country-wise & this also will reduce healthcare cost of pensioners.

As every country in the world has an all-intrusive government, health care & low-cost housing need not be a business. The action taken will boost the purchasing power of low-income groups & help the global economy to recover.