Snower (2008) recentlycriticisedthis case-by-case approach, expressing concerns about the moralhazard, andexcessivetaxpayersacrifice it entailed, and also about potentialexitstrategyproblems.
At a conference convened last August by the Federal Reserve Bank of Kansas, Dennis Snower, professor of economics at Birkbeck College in London, suggested that the main force behind income inequality might be changes in the way companies are organised.