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  • For this financial crisis, let’s debate the solutions not the problems
    As the UK banking sector is heading towards another self inflicted crisis, and politician’s jockey about who is most to blame for the mess, how can we learn from the failure to change the finance system in the aftermath of 2008? The answer is to move far more quickly to a debate about the solutions and not dwell on the minutiae of the problems. We can all agree that the finance system, characterized by short-termism, rent-seeking, secrecy, conflicts of interest, cartels, and now open corruption, is broken and needs transforming in one with more transparency, democracy, co-operation, long termism, competition and diversity. The question is how to get there from here.


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