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Saving the financial markets from themselves

The industry has undermined itself by failing to practise the gospel of free market capitalism that it preaches

You don’t have to be a rampant anti-globalisation bank-bashing socialist to think that sometimes capitalism doesn’t work as well as it should. And one of the main reasons for that is that capitalists can get in the way.

Take this, for example, from two of the most free market economists you are ever likely to meet: "The greatest political enemies of capitalism are not the firebrand trade unionists spewing vitriol against the system, but the executives in pin-striped suits extolling the virtues of competitive markets with every breath - while attempting to extinguish them with every action".

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