Investors should demand greater transparency where it is now lacking. Vendors of financial instruments will then need to structure them in such a way that market players can clearly see what they are buying. More fundamentally, investors must take on more responsibility for diligent research, so that they can better understand the nature of their investments.
But this would be a price worth paying if, in return, the outcome is a consensus that is fully democratically legitimised. Conclusion Let me conclude by saying that it is not my role to prescribe how such a process could be structured.