I feel like 2008 was an era of irresponsibility. Home buyers took out risky loans, banks sold these loans without accepting responsibility for how risky they where, investors purchased these loans without taking the responsibility to even see what kind of Loans where even in these mortgage backed securities. Ratings agencies abdicated this responsibility too. Goldman lied to AIG, and AIG didn't do the research to understand the credit default swaps they where selling. Central banks didn't accept responsibility for anything, saying "it was impossible to see the crisis coming".

It doesn't appear that we have left this paradigm at all. The only group that has improved is the consumers, households have significantly cut back leverage since the 2008 crisis. But companies have not. Companies don't feel they have any responsibilities to prepare for these long tail situations, and governments don't seem capable of doing it. leaving it to central banks to throw trillions at the problem after the fact.