Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Finally, Mr. Moran, you indicated at the beginning the necessity of a clash of ideas and challenging ideas. Statements I've heard attributed to you and even today might indicate a belief in a capitalism that is red in tooth and claw. I'd be interested in seeing what your attitude is if you look at the sweep of the last ten to 20 years in the financial sector internationally. Nyberg said, I quote, "the paradigm of efficient financial markets provided the intellectual basis for the assumption that financial markets, left essentially to themselves would tend to be both stable and efficient." What happened?