Economic policy in the aftermath of the financial crisis hasn't been ideal, especially in the US, where banks that were on the brink of collapse are back to business-as-usual, raking in profits and opposing urgently needed reforms. Nevertheless, economic policy has been good enough to prevent an inexorable slide into a 1930's-style depression.
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BERKELEY – In America today – and in the rest of the world – economic-policy centrists are being squeezed. The Economic Policy Institute reports a poll showing that Americans overwhelmingly believe that the economic policies of the past year have greatly enriched the bankers of Midtown Manhattan and London’s Canary Wharf (they really aren’t concentrated along Wall Street or in the City of London anymore).