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From Crisis to Recovery: The Causes, Course and Consequences of the Great Recession by Patrick Love, Brian Keeley

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6. New World, New Rules?

In the eyes of many, the crisis and recession revealed gaping holes in the rules of the global economy. Financial markets are the most obvious target for new regulations, but other areas, too, have come under increasing attention, including tax and even the basic values of capitalism.

By way of introduction …

Is there – to misquote William Shakespeare – something rotten with the state of capitalism? In the wake of the financial crisis, many people seemed to think there was. According to a poll of people in 27 countries commissioned by the BBC World Service, only around one in ten believed capitalism worked well. In just two of the surveyed countries did that number rise above one in five – 25% in the United States ...

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