The Finance2.0 Manifesto
by Umair Haque - April 1, 2009
Dear G20
It's confusing. Shouls you tax bankers' bonuses, or limit their pay? Should you nationalize banks, or let public-private partnerships bid for bad assets? Do markets need morals - or just better regulation?
The answer is: all may be necessary, but none are sufficient. It's time to reconceive finance for the 21st century. Here's why - and how.
Where are all the customers' yachts? It's a time-worn Wall Street inside joke. It says: our customers don't get richer, but we do. But that joke isn't funny anymore.
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