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Bill Janeway | Venture Capitalism and the Future of the Innovation Economy

Hidden Forces

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The Importance of Socializing the Investment Function

The banking system does not automatically mediate and transfer the resources. It's subject to what's going on in the financial system. The one thing we know is that financial markets are subject to extreme volatility. And when it goes too far, which is where we were in 2007, they have to lend the interest back to the borrowers. That's when you know you're heading for trouble.

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