Mind's Eye Re: Radical banking

Are you saying banking is a protection racket? Banks insure the safety
of deposits. I think banking-purchasing-existing!- via mobile devices
might be riskier than we realize. The politicians released banking
from its traditional role through deregulation and the mayhem began.
Actually insurance companies vie with banking or have beaten them with
architecture and swivel chairs. Why do you exclude irresponsible
consumers/governments? //Manufacturing-trade depends on other factors.

On Oct 23, 7:13 pm, archytas <nwte...@gmail.com> wrote:
> Banking is estimated to contribute between 8 and 14% of UK GDP.  It
> will be smaller in most other countries, but is still held to be
> vital.  I doubt the figures but this doesn't really matter  At 14%
> banking matches manufacturing contribution in the UK.
>
> In a business account we always want to reduce bank charges to a
> minimum.  Financial services are a cost to be reduced to minimum.  I
> can never see why we have fallen for the idea that moving money around
> has anything to do with a productive economy.  We would hardly
> organise hard work like clearing farm land by matching the number of
> us breaking our backs with a similar number of bankers sitting in
> armchairs.
>
> I tend to think banking is just a front for organised thieving.  We
> cut out all kinds of management and jobs in manufacturing and it's
> hard to see how piling bank buildings high with staff makes any
> sense.  In science we generally try to reduce resources going into
> control to a minimum.  We need some radical ideas on how Al Capone is
> getting away with all the banking going on.  My guess is banking is
> really just a tax mechanism we don't get to vote for.

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