Too big to save

Every time there is a major financial crisis, and there have been quite a number of them in history, we fi nd that there are many who are ready to dwell on blaming people and institutions; and only very few who offer really serious and constructive new proposals for improvements in our fi nancial system that can repair the damage and reduce the impact of future crises. It is much harder to do the latter, as it requires coming to an understanding of the real origins of the crisis. The causes of the crisis are typically multiple, and understanding them requires extensive knowledge of the real nature of...