On 24 October 2012 02:13, archytas <nwterry@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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Francis Hunt
http://francishunt.blogspot.de/
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