Well I’m hoping to live in a world where banks don’t provide loans anymore. I’m demanding a better world than this nightmare that is unregulated capitalism in the US.
I’m demanding a better world than any economic system that incentivizes and rewards screwing each other over and hurting one another in a race to get ahead.
Capital investment is necessary regardless of your chosen economic system. Without banks, you’re relying solely on a central government to dole out capital investment which has historically turned out poorly
Providing loans is a major part of a bank’s job though? Like yes it’s wrong that we need loans for necessities like transportation, education, healthcare etc, but even if all those were unnecessary banks would still need to provide loans so that people can start businesses or build houses.
Well I’m hoping to live in a world where banks don’t provide loans anymore. I’m demanding a better world than this nightmare that is unregulated capitalism in the US.
I’m demanding a better world than any economic system that incentivizes and rewards screwing each other over and hurting one another in a race to get ahead.
Capital investment is necessary regardless of your chosen economic system. Without banks, you’re relying solely on a central government to dole out capital investment which has historically turned out poorly
Providing loans is a major part of a bank’s job though? Like yes it’s wrong that we need loans for necessities like transportation, education, healthcare etc, but even if all those were unnecessary banks would still need to provide loans so that people can start businesses or build houses.