Yes. We need more bank failures! We should get to the point where a bank failure gets the same attention as any other bankruptcy.
The book "Just get out of the way" (http://www.amazon.com/Just-Get-Out-Way-Government/dp/1930865...) has some interesting ideas on how to apply the lessons of now-developed nations to developing ones: Don't copy the bloated institutions the rich world has now, but get inspired by what made them great in the first place. Often these were simpler policies. (Of course this also applicable to developed economies, again.)
The author also advocates ridding banks of any (even implicit) government guarantees, to make customers look out for their money instead of relying on glorified ponzi schemes. (Which banks are in a lot of developing countries.)
The book "Just get out of the way" (http://www.amazon.com/Just-Get-Out-Way-Government/dp/1930865...) has some interesting ideas on how to apply the lessons of now-developed nations to developing ones: Don't copy the bloated institutions the rich world has now, but get inspired by what made them great in the first place. Often these were simpler policies. (Of course this also applicable to developed economies, again.)
The author also advocates ridding banks of any (even implicit) government guarantees, to make customers look out for their money instead of relying on glorified ponzi schemes. (Which banks are in a lot of developing countries.)