The state no longer merely sets the rules, it has also joined the game, whether by choice or otherwise, because the markets anticipated that it would be forced to intervene in an emergency. Naturally, this no longer fits the ideal of the state envisaged in our political order.
If the state wants to get back off the playing field, it will have to adapt the rules of the game. What we need is improved financial sector regulation. 3. Financial sector regulation  However, as I see it, we should not go from occasionally placing too much trust in market forces to making excessive demands of state regulation.