It is a fundamental article of faith in our developed world that a vigorous, free-market-driven economy is essential to a country's long-term international competitiveness and its capacity to generate economic well-being. I would go further and say a vigorous private sector, including the financial sector, is essential for global well-being.

Today, however, this credo is under attack by some who would advocate for a much more intrusive governmental role, as well as by some who cling to the belief that the relationship between government and the private sector can simply revert to the way it was before August 2007.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.