Has America learnt a permanent lesson from the disaster of Reagan banking deregulation?
No. There have been plenty of other banking disaster and indicators in the past, as time goes by it’s always been the case that greed {productive} gives way to excessive greed {disastrous} and we have a new crisis, or mini-crisis. The only way to control this is with regulation that follows the idea of putting a part of their anatomy in a vice and threatening to hit them with a baseball bat. Of course, this will never happen both because the Cities {over here in the UK, the last of the two Gog and Magog figures- the others being the Unions} wield too much power and influence and also because Western Countries need a strong financial sector to fuel their economies. We are far to reliant on service sectors, after all.
