Finance and Banking in Capitalism 4.0
The best is the enemy of the good.
CAPITALISM 4.0 will demand new financial systems that will improve economic stability without sacrificing the main benefits of financial freedom and innovation. To achieve this will certainly mean dismantling some of the totems of market fundamentalism, but it will also mean challenging the new conventional wisdom that finance is an unproductive, parasitic activity and that driving bankers out of business, out of town, or out of the country is a desirable objective in its own right.
In this chapter I describe ten principles that reforms will have to satisfy to succeed with the complex trade-offs that Capitalism 4.0 will require.
Finance Is ...