We right in that shaded area of the Venn - absolute parasites.... there may have been good reasons for banks at the start of merchant capitalism, but now they are mostly as you say an oligopoly supported (facilitated) by the Govt. making 'super profits' while leaching off society - I'd likely include all of financial services by the same token
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h4890
In response to this post@ChrisMayLA6 This is an interesting and painful area for me as a libertarian. I love no regulations, and the way I try to justify my hate against banks as a business owner, is the governments regulation, and the fact that banks are basically a part of government. ;)
But some days I feel as if I should be more positive towards banks, as a good libertarian. ;)
I often dream what the banking landscape would be like without any regulations. Hopefully there would be more banks, and ideally
@ChrisMayLA6 banks that would fit my mindset. Today, I would really like to be a customer of a credit union, but sadly there's only one left in sweden, and it is located in southern sweden. Due to the regulatory burden, I think they got regulated out of existence, and consolidated into bigger banks.
As for financial services, it is a cruel battle field. I had an "advisor" who managed to lose me about 30k EUR, but I take it as a good lesson! ;)
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