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The financial crisis has shown that markets are bubble-prone and that laissez-faire regulation doesn't work. The authorities need to get a grip if we are to avoid a mega-bubble. But we may need an even deeper crisis for that to happen

We are witnessing an unprecedented outpouring of anger at our political and financial elite, writes MG Zimeta in her web exclusive, free to read online this week. Fueled by the drip-feed of news about politicians’ embarrassing expense claims and the excessive bonuses paid to chairmen of banks bailed out by the taxpayer, our collective moral outrage has rarely seemed more intense.

But are we right in our rage? Or, in the furore about the failed morals of…

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