Markets are pricing a world that may no longer exist

Jeannette von Wolfersdorff.
Jeannette von Wolfersdorff.
Markets are pricing a world that may no longer exist. Democratic institutions, designed for slower cycles and contained economies, are struggling to govern the complexity they now face. That failure, argues economist Jeannette von Wolfersdorff, is already shaping the conditions under which capital is allocated and regulated.

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