Even the dogs on the street know that deregulation of the banking and financial sector caused the 2008 economic crash. In the UK alone £1,270bn private banking debt was bailed out by government, swelling so called public debt by 57% in one fell swoop. Now the TUC’s Touchstone blog reports evidence from an unlikely source – the IMF – that countries with the most deregulation have the worst performing economies and are hardest hit by the economic crisis:
http://touchstoneblog.org.uk/2011/11/debunking-the-deregulation-myth/
