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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences. ↗
American conservatism depends on its continued dominance and even for its very existence on people never making connections about the world, connections that until recent were treated as obvious or self-evident everywhere on the planet. ↗
