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Lack of development finance means the government has become the most important agent in the UK housing market.
The combination of dramatic falls in demand and no access to finance means that businesses face significant cashflow problems.
As the current crisis has shown, the globalised nature of finance means that problems in one jurisdiction cannot easily be isolated from markets elsewhere.
The second is that the growing crisis in public finance means serious cuts in public expenditure are being sought by all political parties.
Electricité du Liban, the state power company, says lack of funds from the ministry of finance means it can't pay for recent shipments of fuel oil to fire its power stations.
(Duh …) But — and this gradual process has reached a juggernaut — it's not just that concentrated wealth and lax campaign finance means big money can buy the politics it wants.
Similar(50)
Poor access to finance meant firms stayed small.
Sophisticated finance meant that havoc spread in a new way.Tackling leverageGiven the past year's calamity, how far must Anglo-Saxon finance be remade?
Poor access to finance meant that many studios were swallowed up by foreign publishers Rockstar North, for example, is owned by Take-Two Interactive, an American company.
"The ongoing pressures on householders' income, combined with the reduction in the availability of mortgage finance, mean that market conditions will remain challenging," he said.
The ensuing bust was made more dangerous because of the second weakness: the complex interconnections of securitised finance meant that no one understood what assets were worth or who owed what.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com