I have written these words at a time of a deepening financial crisis which is ricocheting worldwide and causing tremendous anguish and tremors, a spreading economic downturn. It is also not a long while after the European Parliament passed a report which I worked out together with a Dutch colleague, Ieke van de Burg, in which we argue in favour of an overhaul of the regulatory and supervision frameworks of financial markets in the EU (Burg and Dăianu 2008). I should underline that the paradigmatic underpinnings of our report were not dawned upon us by a growing financial mess engulfing western economies; for a longer period of time both of us, though belonging to two different political groups in the European Parliament, had harboured similar views on what has been wrong with the dynamics of world finance.