One of the most dangerous side-effects of the Great Recession is amnesia. Our memories have already been eroded by a combination of Twitter and 24-hour rolling news. Add to that the jarring trauma of 2008's existential challenge to capitalism and Voila! The essential details of recent economic history are erased.
Saturday 15 September marks four years since the fall of the Lehman brothers, the beginning of the economic crisis. Seeing and experiencing how the economic system has caused pain and sorrow for many people around the world, we cannot forget, however, that it was once intended for something good and to benefit everybody. With the economy as well as our day-to-day lives, we have to remember to combine the qualities of compassion and wisdom with everything we do.
The coalition's response to the Vickers report was a missed opportunity. A chance to reform Britain's banking sector for the better has been hijacked by the Liberal Democrats' need yearning for influence. And so George Osborne has accepted the report in full, though it couldn't be said totally against his own judgement.