Gentler capitalism should win the day

Sir Peter Hall, Regeneration & Renewal, 3 October 2008

We're hearing a lot about capitalism's future. And we're going to hear a lot more. September 2008 is destined to go down in economic history like October 1929. Both were watersheds, meaning that afterwards things would never be the same again.

The 1929 crash led to the election of President Franklin Roosevelt and his radical reform of American banking: the 1933 Glass-Steagall Act that separated investment banking from high street banking...

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