Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View. He was the Washington columnist for the Financial Times, and before that worked at The Economist for more than 20 years, including 11 years as deputy editor. Crook writes about the intersection of politics and economics.
Crook writes about the intersection of politics and economics.
Market crashes are inevitable, but financial innovation and globalization have massively increased our vulnerability to them. Unless we make big regulatory changes—changes on a global scale—we should prepare for more years like this one.