Since 2007, more questions have been asked, but curbs on finance have been far more modest than those placed on the unions after they were deemed to have screwed up the economy in the 1970s. Little has fundamentally changed, apart from the fact that all of us, the bankers apart, are poorer.
This matters. The important question thrown up by the crisis, Lanchester says, is “whether a society should arrange itself primarily for the convenience of its richest citizens and its richest, most powerful economic sector, irrespective of the consequences of that for everyone else”. He notes that a robber baron’s castle can be full of sumptuous art, lavish food and drink and wonderful music but can only shine brightly because it destroys the landscape in which it sits. “The City of London,” he writes, “is a robber baron’s castle.”"