Today's Guardian carries a deeply pessimistic interview with Joseph Stiglitz, who notes that "Plans to re-regulate the financial markets have run into a political quagmire and there has been a resurgence of deficit fetishism", and goes on to express surprise at at how fast the forces in favour of the pre-2007 status quo have re-grouped. "The optimist in me is hopeful we won't need another crisis to finally motivate the political process," he said. "The pessimist in me says it may need to happen."
You can read the full interview here.
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