Should the world have allowed the 2008 economic crisis to play out?

Ten years on, it is possible to see how flawed reactions to the financial crisis caused problems we are still living with

In a few short weeks it will be 10 years since the crash of 2008. By this time 10 years ago, it was already clear that finance — or at least Wall Street and the City of London — was dangerously over-extended. To those in the business, it was no longer a question of “if”, but “when”. The wise began to unload their most worrying bets; the foolhardy wondered if they would make money in the fall. As the movie Margin Call — easily the best thing written or filmed about the crisis — explains, only the person who gets