For some, finance is the enemy, solely responsible for the global financial crisis and symbolic of an outdated model that is catapulting us toward social and ecological ruin. And such a view can seem tempting. The 2007-2008 meltdown of the financial system was intimately bound to the financialization of the economy and its consequences - particularly a tendency to take undue risks, promoted by existing mechanisms for compensating bankers and their corollary, a marked deepening of socioeconomic inequalities. In answer to these failures, public authorities all over the world unleashed an...

For some, finance is the enemy, solely responsible for the global financial crisis and symbolic of an outdated model that is catapulting us toward social and ecological ruin. And such a view can seem tempting. The 2007-2008 meltdown of the financial system was intimately bound to the financialization of the economy and its consequences - particularly a tendency to take undue risks, promoted by existing mechanisms for compensating bankers and their corollary, a marked deepening of socioeconomic inequalities. In answer to these failures, public authorities all over the world unleashed an...