Everyone is passing the buck... what's the connection between your investment and a productive enterprise somewhere? A long chain of financial games. Decisions are based on statistics and third-hand information, not on the merits of the end investment. Result: a crapload of bad investments and an unstable economy.

[Edit:] "Capitalism" gets blamed for this mess caused by the dilution of responsibility, which sounds pretty socialistic to me. You might call it "emergent socialism".