The ultimate backstop is, of course, the governments. To do anything that would let government off their own responsibilities would be a recipe for failure. Are banks still being irresponsible when it comes to pay and bonuses? I think we have a real problem here. It is a question of values. Our democracies do not understand some behaviour.
And with the boom in biofuel demand sending production costs in many parts of the world soaring, the ability of supply to “catch-up” to demand will be constrained further.