Comment, analysis and other offerings from Wednesday’s FT,
Martin Wolf: Why the G20 must focus on sustaining demand
The danger is not of doing nothing, but rather of doing too little. If such timidity fails, opponents will argue: these policies have failed. This will exacerbate confusion, making attempts at decisive action later on more difficult and ineffective.
Adam Smith’s market never stood alone
Nobel-prize winning economist Amartya Sen writes that the question that arises most forcefully now is not so much about the end of capitalism as about the nature of capitalism and the need for change.
John Kay: Lessons from a 1930s rebound that petered out
The Wall Street crash of 1929 was not, initially, a dramatic event: by the standards of more recent history, the share price correction was modest. What was remarkable was that the share price decline went on and on.
Interactive graphics: the future of capitalism
50 people who will frame the debate.
Lex on bringing back Bringing back Glass-Steagall
Resurrecting the act that separated commercial banking from securities issuance between 1933 until its repeal in 1999 would not be the guarantee of banking safety many imagine it would.
Letter from Jim Rogers
The CEO of Rogers Holding writes: I find it incomprehensible that you seem not to understand that the problem is that the central banks and governments refused to let the market work for 15-20 years or so. Had they done so, we would not have these problems today.
Luke Johnson: The consumer’s new mantra is value
The most dramatic shift in consumer behaviour I have ever witnessed is the current phenomenon of trading down.