Tag Archives: economic reform

LinkedIn Why and How Capitalism Needs to Be Reformed (Part 1) Ray Dalio See also by Ray Dalio Productivity and Structural Reform-Why Countries Succeed & Fail, and What Should Be Done So Failing Countries Succeed

The financial crisis has led many to question the legitimacy of capitalism. The verdict, 10 years on, has not been favourable. In an opinion poll by YouGov, three-quarters of German adults, two-thirds of Britons and over half of Americans believe that, “the poor get poorer and the rich get richer in capitalist economies”. Their sense of injustice is not only a reaction to bank bailouts, years of austerity and corporate scandals. The challenge is fundamental. There is a growing awareness in...

M&A rather than IPOs, stock buybacks. Primary investment is lagging. The environment for investment must be addressed. Deregulation for its own sake. Removing bank regulation was a factor in the financial crisis. Regulation needs to be revisited from the perspective of lessons learned. Control fraud and criminogenic environment were promoted by hands-off policy in regulation and oversight. Well-Functioning markets require appropriate regulation and supervision. Wall Street On...