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[Read by Walter Dixon]
The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, John Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we
