Another important change is that some of the key tenets of neoliberalism have been undermined by this crisis... [F]irst... this view that the less st… - Ha-Joon Chang

[I]t's a fantasy ...to reshore or bring back home the bulk of manufacturing that have migrated to China and other developing countries ...[I]t just cannot be done, but... people are already thinking about ways to diversify the sources of and production so that... [when] one part of the system goes wrong, the other part is able to cope.

[T]his has been the most corrosive consequence of the recent rise of the... extreme right, but... despite all this mistrust, we have to invest in rebuilding trust in these institutions. Maybe some of the existing institutions have become so discredited, they need to be scrapped. ...Maybe some can be redeemed, but also we could try to create ...a global public information service ...[T]hat sounds overly idealistic, but... it's something that we need because these gainers from the erosion of public trust in these public s... also ...control the media with their money. ...[I]f ...citizens do not have... a UN information service or some global charity that provides fact checks [etc.]... Unless people have these trusted sources, they'll begin to believe whatever... and those who control the media, including things like Facebook [etc.]... through their money will... be in a position to manipulate them to their benefit. ...[D]espite people's misgivings about building yet another international organization trying to restore trust in the public institutions that have already been eroded and dilapidated .., that's the only way out because otherwise it becomes a free-for-all... [which] means all those people with money...

Financial markets need to become less, not more, efficient.