... however, although we will never "stamp out corruption" so long as its human beings in position of authority, it is possible to fight it. The problem is that it needs a political movement to drive the process to the point of institutionalizing it, and then the institutions have to be defended from being undermined on a piecemeal basis. While political movements come and go, and some are effective enough at their peak to get improved institutions established, the long boring task of defending against piecemeal undermining is not something that movements seem to be very good at.

I would say "this is similar to the history of financial system regulation and de-regulation", except in the US they are two facets of the same history, so the similarities are due to the common history.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.