“What is to be done?”

Lenin recommended it. Now Simon Johnson moves from blaming the elites to organizing against them.

"We have to break up any bank that's 'too big to fail' so that we can have a functional free market. We need serious reform that fixes the root causes in our political and economic system: excessive influence of banks, dangerous compensation systems, and massive consolidation that does nothing to serve the public interest." Extract from A New Way Forward

Tags for this entry: policy macroeconomics imf banks financial crisis