The global financial crisis of 2007-2008 and the deep recession that resulted made it plain to see that the financial sector in the US and elsewhere had become too powerful. Since the 1980’s, a form of “cognitive capture” had occurred, with policymakers becoming convinced that innovation and deregulation could only improve the functioning of both financial intermediation and the broader economy.
2007—2008年全球金融危机及其所导致的深度衰退让我们清楚地看到，美国和其他国家的金融部门已经变得过于强大了。自20世纪80年代以来，发生了某种形式的“认知俘虏”（cognitive capture），决策者认定创新和去监管化必能改善金融中介和整体经济的功能。危机证明这一观点大错特错，并且给数百万人造成了极大的代价——如失业、生活干扰和日渐艰难。