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There is no alternative, therefore, to systematic state regulation of finance.
In London in April, the G20 must globalise regulation of finance to match the globalisation of the financial industry.
So while in Britain the main political parties all backed "light-touch regulation" of finance, its opponents had long argued that City liberalisation threatened the wider economy.
Professor Gordon teaches and writes extensively on corporate governance, mergers and acquisitions, comparative corporate governance, and, more recently, the regulation of finance institutions.
There are also disagreements between the United States and the Europeans about how much emphasis to place on fiscal stimulus as opposed to enhanced regulation of finance and tax havens.
Next spring, the new Financial Conduct Authority takes over regulation of finance companies, having been given, in Swinson's words, "sweeping new powers to ban products, impose unlimited fines and order firms to pay back money to customers".
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The Green new deal calls for the re-regulation of finance and taxation, linked to a transformational economic programme to substantially reduce our dependence on fossil fuels.
The Green New Deal calls for the re-regulation of finance and taxation, cracking down on tax evasion, and de-merging the mega-banks into more containable entities, closer to the real economy, with retail banking separated from high finance.
And it would take five minutes to shunt the re-regulation of finance into groups that can deliberate now and act later, when there is more time and less ire: the last thing to fear from Wall Street today is irrational exuberance.It is the third task that is being neglected.
"Regulation of modern finance is complex, almost certainly too complex.
It has also made the effective regulation of global finance almost impossible.
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