prevention of the financial system

Like natural species of the financial system is adapting itself to changes. In evolutionary terms, the financial services sector seems to be gone through 20-year-old Cambrian explosion with existing species flourishing and new species increases. As in the natural world, the existence of giants does not take the evolution and continued existence of small species. The many difficulties which arise as a publicly owned companies become larger and more complex given the opportunity to new types of private firms. What matters in evolution is not size or complexity, but how good the body's survival and reproduction of their genes.
prevention of the financial system
Any shock to the financial system must result in casualties. Left to itself, natural selection must work to eliminate the weakest institutions in the market. But most crises, because of concern for consumer protection and accident prevention of the financial system, and lead to new rules and regulations. Ferguson warns that the possibility of extinction need not be removed by excessively precautionary rules.

The book ends on an optimistic note. Although history has seen many financial ups and downs, there is little doubt that its trajectory is unquestionably upwards. Financial markets can not be seen as monsters who must return to their place. As Ferguson puts it, "financial markets are like a mirror of mankind, revealing every hour of every working day the way we value ourselves and the resources of the world around us. It is not the fault of the mirror, whether it is a reflection of our blemishes as clearly as our beauty. "