The finance industry is under attack on different fronts. The Economist and Financial Times, often wrongfully portrayed as dogmatic neo-liberals (not the least in Continental Europe) support the development:
The (too slow and belated, but nonetheless welcome) rise of index funds to the detriment of actively managed funds.
Martin Wolf, chief FT columnist, embraces the abolition of fractional reserve banking and private banks’ money creation
Wolf’s article has spawned a debate involving, e.g. Krugman. Positive Money has a good overview article of the debate here
The finance industry is under attack on different fronts. The Economist and Financial Times, often wrongfully portrayed as dogmatic neo-liberals (not the least in Continental Europe) support the development:
The (too slow and belated, but nonetheless welcome) rise of index funds to the detriment of actively managed funds.
Martin Wolf, chief FT columnist, embraces the abolition of fractional reserve banking and private banks’ money creation
Wolf’s article has spawned a debate involving, e.g. Krugman. Positive Money has a good overview article of the debate here