But they said governments needed to take a lead by using legislation and direct intervention to create a better environment.

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Political philosophy aside, Lewis has injected a note of informed caution into the febrile cybersecurity environment and I, for one, applaud his intervention.

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"Intervention is a dysfunction in a free-market environment, " says Reliance National's Cron.

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The economist makes the argument that post-crisis GDP growth rates are about 11.9% off of historical standards, which, along with the employment-to-population ratio, suggest the current macroeconomic environment is a lot more challenging than in other recessions and will need the intervention of government to recover.

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Her intervention consolidated the issue in the media and provoked many organisations into formulating policies on the environment.

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Having said that, I think that most people should have a realistic view that the financial markets are in dire straits, relative to this macro environment with what is going on with currencies, what is going on with the global economy and significant government intervention in the west, in Japan, in those markets and in those economies.

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