How One Bank Shaped American Capitalism
Deep Background with Noah Feldman
Regulation Is Not Sufficient
"You can regulate behaviour, but you can't really regulate culture," he says. "What's fascinatedg at an earlier version of american capitalism was it was in an internal culture that recognized the intelectible bond between private gain and public good." He believes regulation is necessary, but not sufficientn some of the regulatory craze to day on Wall Street.
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