And, in the last decades of the past century, recall the role of the “venture capital” industry in the promotion of successful innovative corporations such as Apple, Google or Intel. Some countries are now increasingly investing in efforts to improve the financial literacy of the public, and this too is important.
On the one hand, it helps to build the demand side of a more inclusive finance. On the other, financially literate citizens are better able to understand the efforts of regulators and policy makers to improve supervision and regulation, and less likely to subscribe to the simplistic view that “finance is evil”.