FT.com / Columnists / Martin Wolf - Reform of regulation has to start by altering incentives: "My answer is, no. The reason for my pessimism is that the crisis has exacerbated the sector’s weaknesses. It is unlikely that envisaged reforms will offset this danger."
Martin Wolf is spot on.
Unless we stop copying the US at evey turn we will not prevent incentives causing chaos.
No comments:
Post a Comment