They all assume a degree of intellectual consensus and political will that simply does not exist.” Eichengreen goes on to list a set of key assumptions that condition his thinking on these issues. Those also bear repeating: •  Liberalized financial markets have compelling benefits.
This is an argument about savings mobilization, and efficient allocation of investment, together with the benefits of allowing consumption smoothing and risk diversification. Note that it is not a closed-minded piece of ideology, but a proposition that, despite their obvious weaknesses, markets generally do a better job of allocating resources than do governments.