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1. Banks are not state-maintained. You can argue that 'too big to fail' means government support for them, but support is not control. 2. Banks charge roughly
by huac 11y ago
1. Banks are not state-maintained. You can argue that 'too big to fail' means government support for them, but support is not control.
2. Banks charge roughly the same fees for the same reason grocery stores charge roughly the same prices - competition.
3. Coercion is a straw man when considering government activity. Anything you don't like becomes coercive. I don't like that my roommate wakes up before me and disturbs my sleep - coercion! I like having subsidized education but not paying taxes - coercion! I like feeling safe with protected borders and the greatest fighting force ever assembled but not paying taxes or protecting people who don't look like me - coercion!
4. There is never a single solution, no silver bullet to resolve complex societal problems. I sympathize a bit with you here - what is the point of progressive reform when the system will adapt? Nothing structural will change, but will only shift. But at the same time, shouting down calls for representative change serve nobody either.
I also resent your use of 'rape' in that context.
- deleted 11y ago[deleted]
- sukulaku 11y ago> Banks are not state-maintained. You can argue that 'too big to fail' means government support for them, but support is not control. That wasn't my claim. I said banks are a state-maintained cartel everywhere, and that implies preventing competition. One way to prevent competition is to make sure the cartel banks can't fail. It's difficult to compete with a business that gets handed unlimited amounts of other people's money when it's about to go bankrupt. > Banks charge roughly the same fees for the same reason grocery stores charge roughly the same prices - competition. Do you sincerely think banks couldn't charge less for their services? :) Because that's what it would take for competition to have resulted in the current price level, as anyone on HN should be able to understand. I'll stop here now because I suspect you're not being honest.