Vince Cable hits out at Bankers

The video discusses the influence of Adam Smith on modern economics, highlighting the business secretary's unclear message about future economic policies. It examines the impact of the financial crisis on capitalism and the potential for increased government intervention. Vince Cable's views on regulation and future reforms in business are also explored, with a focus on simplifying rules rather than increasing regulation.

What criticisms do some Adam Smith devotees have regarding Vince Cable's understanding of economic regulation?

What does the text suggest about the future of regulation in the financial sector?