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Regulators will get the blame for the stupidity of crowds

Just as dammed water finds new channels of escape, crowdfunding seems to provide a way around the blockage.

To secure stability, treat finance and fast food alike

If I had a million pounds for every time I have heard a possible reform opposed because “it wouldn’t have prevented Northern Rock or Lehman Brothers going bust”, I might now have enough money to bail out a bank.

Sometimes, a spot of collusion can be a very good thing

Modern life involves complex and multidimensional products. It is perhaps inevitable that price structures appear similarly complex and multidimensional.

Sometimes the best that a company can hope for is death

Humans have always found it hard to cope with the idea that every individual has a lifespan even as life itself goes on. The idea of a natural life cycle for a business, or industrial centre, is even more difficult to accept.

The wrong sort of competition in energy

Some complexity is unavoidable, but much of the complexity consumers experience is not.

Take on Wall St titans if you want reform

Effective banking reform should aim at structures, not at intensified supervision. Resilient systems are simple ones.

It is time to end the oligopoly in banking

Plurality and diversity are generally sources of stability – in banking as in nature.

When capitalism and corporate self-interest collide

Adam Smith had not imagined a world in which the Wealth of Nations would cross the world digitally at the click of a mouse. Nor had he envisaged one in which legislation would be drafted by paid lobbyists.

The $10 minibar beer is no basis for capitalism

If the winner of the competitive race is the company that is most innovative, not in productive efficiency or customer service, but in the ingenuity and opacity of its tariff structures, consumers will not be happy, or well served, in the long run.

Radical innovation rarely comes from within

The dynamism of a market economy comes from innovation in products and processes, and radical innovation in products and processes often – in fact usually – comes from outside the existing market structure.