John Cassidy's essay ably highlights problems with the financial-services industry, but his ending argument that the benign postwar era can be attributed to financial repression leaves out factors that contributed to the era's economic stability ("What Good Is Wall Street?," November 29th).
Rahul Prabhakar Oxford, England John Cassidy's essay ably highlights problems with the financial-services industry, but his ending argument — that the benign postwar era can be attributed to financial repression — leaves out factors that contributed to the era's economic stability ("What Good Is Wall Street?," November 29th).
John Cassidy's essay ably highlights problems with the financial-services industry, but his ending argument — that the benign postwar era can be attributed to financial repression — leaves out factors that contributed to the era's economic stability ("What Good Is Wall Street?," November 29th).
"The United States now fields a military that could not meet even the requirements of a benign Clinton-era world.
After the 1988 Williamsburg Bridge crisis, New Yorkers hoped, perhaps foolishly, that the era of benign neglect of the city's public assets had ended.
But governments, it warns, need to stop standing idly by: the "era of benign neglect of house price booms" is over.
The era of benign climate sustained about 3 major droughts per century, while during the later cold period, China suffered from almost 13 each hundred years.
My parents have remained married and I know they cared about us greatly, even though they were parenting in an era of benign neglect.
"The recent volatility in stock prices appears to signal that the era of benign financial markets we have been used to for the past several years is coming to an end," he wrote.
In the early industrial era, despite the benign power of the hidden hand (whose?), it was clear that industrialisation imposed coercive disciplines, poverty, want, squalor, ignorance and disease upon the mass of the people.
