[Hugo Hadlow]
The banking crisis is not a result of market failure. It is the result of two things: the ownership structures of investment banks, and government intervention in the money market.
Most investment banks are owned by dispersed shareholders, and their shares are traded on the stock market. Management is divorced from ownership, with the result […]
Don’t blame markets
Putin’s Russia: a dubious democracy?
Rob Wilkinson takes a critical look at the current regime in Russia, while Denis Shatokhin argues that
Western impartiality is necessary for Russian democracy to survive and flourish.