That’s Craig Murray’s modest proposal. Truth to tell, looking at the behaviour of the banking industry over the past few years, it has a certain ring to it…
Forget Burglars, Shoot a Banker…
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2 responses to “Forget Burglars, Shoot a Banker…”
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Over the past few decades, the financial industry has grown much much faster than has the overall economy, to the point where I regard overgrown finance as something akin to leukemia. Clearly regulations on finance have got to be reformed, but such reforms must be done with greater thought than anything politicians on either side of the Atlantic are saying these days. We do need a certain number of leukocytes in our bloodstream or we’ll soon either die or go live in a sterile plastic bubble, but too many leukocytes can also kill us. This analogy suggests a possible danger: chemotherapy is so awful because nobody knows how to kill cancer cells without also harming cells that the body needs. One big difference between overgrown finance and leukemia: cancer cells neither employ lobbyists nor give money to political campaigns.
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Hah – your analogy has some merit, methinks 🙂
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