In the midst of the holiday spending and consumption frenzy, Bill Moyers interviews author Benjamin Barber about how capitalism isn't living up to its potential to serve society. "Capitalism is no longer manufacturing goods to meet real needs and human wants," says Barber. "It's manufacturing needs to sell us all the goods it's got to produce." Barber is the author of 17 books, including international best-seller Jihad vs. McWorld and Consumed: How Markets Corrupt Children, Infantilize Adults, and Swallow Citizens Whole.

Also on the program: is it time to rewrite the Constitution? Moyers gets perspective from the University of Texas Law School's Sanford Levinson, author of Our Undemocratic Constitution: Where the Constitution Goes Wrong (and How We the People Can Correct It). And an update on changes to media regulations voted on this week by the FCC.