Average rating: | Rated 4 of 5. |
Level of importance: | Rated 4 of 5. |
Level of validity: | Rated 4 of 5. |
Level of completeness: | Rated 5 of 5. |
Level of comprehensibility: | Rated 3 of 5. |
Competing interests: | None |
The article's emphasis on the need for a multi-dimensional conception of power is particularly noteworthy, as is its identification of the shift in the locus of power in finance with the rise of the "originate-and-distribute" model. The author's argument that the existing model of regulation was ill-equipped to deal with the rent-extraction and speculation that emerged in this context is persuasive and highlights the need for a deep rethinking of the role of finance.