Futuríveis

Faith in the self-equilibrating power of the market is undoubtedly at a low ebb. So while New Deal- or Great Society-type policies may be out of the question, there remains the potential for the state to impose political accountability on technocratic policymakers, inflict more regulation on aberrant bankers and extend public ownership in response to the failure of politically sensitive corporations.

In the perennial conflict between politics and markets, there can be no question that politics is now on the up.

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Financial Times, The return of the state: How government is back at the heart of economic life; By John Plender