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The whole article feels like a non-sequitur. "Iceland put bankers in prison for helping cause the financial crisis, yet there is still crony capitalism." How
by haberman 11y ago
The whole article feels like a non-sequitur. "Iceland put bankers in prison for helping cause the financial crisis, yet there is still crony capitalism." How are these two facts related? Putting bankers in prison for helping the economy crash is not intended to solve the problem of bankers being too cozy with politicians. It's intended to solve the problem of bankers reaping private returns from taking public/socialized risk. It's trying to ensure that when bankers hurt everybody, they feel the hurt too.