Dear Gillian,
In your admirable book 'Fool's Gold' you point out all the reasons behind the financial crisis. But the main cause is 'lack of political reforms' in the US and other places. How can lobbyists get away with ludicrous claims in their own interest in not just the financial industry but from software to food to pharma to you name it.
The fact is, all the big corporates are big donors to the politicians. So the politicians face the same conflict of interest as faced by the rating agencies or by Goldman Sachs for instance.
Unless the political funding is not centralized from a common pool and distributed based on some criteria, it is fair to assume that this is just the beginning of all the future 'jungle-raj' for the few, all in the name of democracy, free-markets, globalization and what not.
Regards,
Pradeep
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