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NEU Senior Regional Support Officer
10 years on from the crash, what have we learnt?
We can expect the financial sector giants to do everything in their power to stop Jeremy getting into Downing Street, writes KEN LIVINGSTONE
The Lehman Brothers headquarters building at Canary Wharf in London

It’s 10 years since the collapse of Lehman Brothers created the worst economic crisis since the Great Depression of the 1930s, but governments have failed to make changes necessary to prevent a similar collapse.

Back in the 1930s, the US government responded by introducing new laws that made it illegal for the local high street banks to make risky gambling decisions.

Today, if anything, the financial sector is growing more powerful and wealthier than ever. More and more of the wealth created across the world is going into the pockets of the richest 1 per cent and via methods that mean they seldom pay any tax. The result is that across the Western world inequality is getting dramatically worse and the lives of ordinary people are being squeezed. It is the anger of ordinary people responding to this injustice that fuelled the votes to elect Trump and to take Britain out of the EU.

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