@ryanlcooper @Alon btw the sharp pain of financial crises and the anesthetized, slow pain of deindustrialization and financialized plutocracy, the case for this once arguably virtuous swindle is diminishing. “deintermediation” means choosing the brave new world where there is no veil over the public, therefore political, nature of modern finance. that will cure certain pathologies, but require overt, accountable state action, which undoubtedly brings new ones. 9/