"A Wall Street cartel has quietly seized control of the American economy, and they are forcing governments and businesses to bow down to their political agenda--using your money to do it. Three Wall Street firms have quietly amassed more money than Jeff Bezos, Elon Musk, Andrew Carnegie, and...

The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...