Bread and Circus as a term is generally attributed to a Roman poet from 2 thousand years ago by the name of Juvenal. Back in the day, the term was used to critique the government of the time for appeasing the masses through food and entertainment – which is what places like the Colosseum were created for.
Capitalism is not a self-organising structure. It needs cooperation between governments/central banks and market makers to keep things going. The problem, however is that central banks, that are meant to act as referees are becoming active players on the field with their exacerbating QE policies and forward guidance programs all in the name of “printing more FIAT currency”.