Many say that lack of regulation brought the world economy to its knees. This interesting paper from the Adam Smith Institute examines ‘populist demands’ for increased regulation and explores the rationale behind them in the context of UK financial markets, which have taken a tremendous blow post GCC.
I won’t spoil it for you, but its a pragmatic look at the workings of market regulation and the overall message is quite refreshing in terms of its novelly static free/semi-free market standpoint. i.e. better regulation as opposed to more regulation.