That doesn't mean those regulations or structures were intended to be a permanent fixture. Similarly, Bretton Woods was not intended to maintain gold at $35 per ounce.
The world is a place where some development requires large amounts of capitalization. That is also a competitive advantage. No-one cares about any of those previous bullet points if they are generally happy in their lives.
When the SEC brought their first large scale financial fraud indictment, no-one cared. (Investors Overseas Service (IOS), $224 million and International Controls Corporation (ICC)). It was pursued because someone stole money from the wealthy. However, many years later, one of the two fraudsters was revealed to be a notorious Russian agent that worked for the Office of Strategic Services in London during WW2. He would walk files of Ukrainian sources out of the OSS office (obtained from MI6!) and down the street to the Russian embassy. Those Ukrainian sources later disappeared.
The world is a sketchy/dodgy/evil place. Partitioning it into chunks may provide some temporary benefit, but the real world does not evolve that way. Look at Carlos Slim, Mexican Cartels, Russian oligarchs, META is on track for $80 billion net profit this year ...
Oh also, two of the Bretton Woods principal architects, also Russian agents. One had their US passport revoked and US citizenship revoked in 1954. He was the chief economic advisor to Franklin Roosevelt. No-one cared about him either, and he essentially envisioned the world of monetary policies that we have today. He lived out the remainder of his life very well off, advising Colombia on their monetary policy. In 1995, he was revealed to be a prolific Russian agent from KGB archives researchers and authors.
The world is a place where some development requires large amounts of capitalization. That is also a competitive advantage. No-one cares about any of those previous bullet points if they are generally happy in their lives.
When the SEC brought their first large scale financial fraud indictment, no-one cared. (Investors Overseas Service (IOS), $224 million and International Controls Corporation (ICC)). It was pursued because someone stole money from the wealthy. However, many years later, one of the two fraudsters was revealed to be a notorious Russian agent that worked for the Office of Strategic Services in London during WW2. He would walk files of Ukrainian sources out of the OSS office (obtained from MI6!) and down the street to the Russian embassy. Those Ukrainian sources later disappeared.
The world is a sketchy/dodgy/evil place. Partitioning it into chunks may provide some temporary benefit, but the real world does not evolve that way. Look at Carlos Slim, Mexican Cartels, Russian oligarchs, META is on track for $80 billion net profit this year ...
Oh also, two of the Bretton Woods principal architects, also Russian agents. One had their US passport revoked and US citizenship revoked in 1954. He was the chief economic advisor to Franklin Roosevelt. No-one cared about him either, and he essentially envisioned the world of monetary policies that we have today. He lived out the remainder of his life very well off, advising Colombia on their monetary policy. In 1995, he was revealed to be a prolific Russian agent from KGB archives researchers and authors.
https://www.theguardian.com/world/2008/may/21/internationalc...
https://en.wikipedia.org/wiki/International_Controls_Corpora...
https://www.casemine.com/judgement/us/591496adadd7b049345e5c...
https://en.wikipedia.org/wiki/Lauchlin_Currie