We are suffering from recurrent, intensifying financial crises because we have simultaneously weakened essential public and private sector restraints against control fraud. Theoclassical economists refuse to return to the proven means that combined effective private and public sector regulatory and prosecutorial restraints on CEOs and produced financial and economic systems that were anti-criminogenic, rewarded long-term investment perspectives that produced superior growth with far fewer crises, and were far more egalitarian and meritocratic.
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