8 Quotes by Gillian Tett

The great rebalancing – what does recovery mean today?

To him, bankers were neither noble or Masters of the Universe. They were just businesspeople doing a job, pushing money around the economy as efficiently and effectively as they could.

The paradox of the modern age, I realized, is that we live in a world that is closely integrated in some ways, but fragmented in others. Shocks are increasingly contagious. But we continue to behave and think in tiny silos.

We can be blind to the obvious, and we are also blind to our blindness.” – Daniel Kahneman, Thinking, Fast and Slow.

I think socialism is really about recognizing that there are limits to what the market can do. The market is very useful; at times it works very well, but it doesn’t always work.

Every established order tends to make its own entirely arbitrary system seem entirely natural.” – Pierre Bourdieu1.

If you could really insure banks and other lenders against default risk, that might well unleash a great wave of capital into the economy.

As with all derivatives, these tools were to offer a way of controlling risk, but they could also amplify it.