Rebuilding Trust: Can America Reform Finance and Restore Economic Balance?

After tracing the rise and consequences of financialization, the question naturally arises: what can be done to fix this system? The answer lies in a combination of regulatory reforms, corporate restructuring, and public engagement aimed at reorienting finance to serve the real economy.

Reinstating clear separations between commercial and investment banking, reminiscent of the Glass-Steagall Act, is a foundational step toward reducing systemic risk. Fully regulating derivatives markets and enhancing transparency will further stabilize financial markets and prevent reckless risk-taking.

Redefining corporate purpose is equally vital. Moving beyond shareholder primacy, new governance models advocate for including workers, communities, and other stakeholders in decision-making. This shift encourages long-term thinking, shared prosperity, and sustainability.

Public opinion is increasingly aligned with these reforms. Surveys show majority support for tax reform and stronger financial regulation to address inequality and economic dysfunction. This groundswell of support provides the political momentum necessary to enact meaningful change.

Ultimately, change begins with understanding — recognizing the complex forces that have shaped the current system and embracing the pathways to a fairer future. By working together, policymakers, business leaders, and citizens can rebuild trust and create an economy that works for all.