But in today’s forum, I do not think we could be satisfied with such a conclusion. Are there any issues with incentive structure in modern finance that encourages the misuse of financial technology?
Certain industries were favored with tax breaks while price controls were imposed on gasoline and electricity, causing huge losses in public sector firms. Petrobras, the national oil company, which was supposed to make enormous investments in oil drilling, instead became embroiled in a corruption scandal.