Finance should be regulated into utility status all over the civilized world, and if the community of hard-core financial engineers really wants to go on be

Finance should be regulated into utility status all over the civilized world, and if the community of hard-core financial engineers really wants to go on being a collective pathogen, they’ll be forced to acknowledge that what they do just isn’t civilized behavior, and do it somewhere else. We’ll be way better off without them among us. As George Soros describes in the historical section of The New Paradigm for Financial Markets, this was exactly the attitude which evolved from the wreckage of the Great Depression, but starting as early as the 60s the financial world steadily chipped away at the constraints which had been imposed. (Soros himself was one of the pioneers in the dilution of these constraints.)