^true, well, if it was truly free market capitalism it would still suck,
the commodification of finance is a plague, but people fell into its trap, and they didnt see sense and instead were lured by credit cards and the like, so the general citizenry is also to blame for this mess.
no one wants to effectively regulate new york and london finance- the corporates, and the bankers benefit too much, but also it will heavily damage the economy and lead to > unemployment, but the problem is, it has to be addressed.
germany isnt perfect, but there is a good working relationship between civil society, trade unions, corporations and government, which means a less volatile economic situation, relatively low public debt, and a high degree of social and economic achievmement. finance is relatively well regulated.
the EU is another story but that's a shared problem not just germany's (even though they are the only stable fulll EU member)