"they want to nationalize all private banking." - I'm not sure where you got that from. Whats on the cards is to create a central bank based system of payment

"they want to nationalize all private banking." - I'm not sure where you got that from. Whats on the cards is to create a central bank based system of payments. I'm personally not in favour of having to pay a fee to VISA every time I make a payment. I would envisage that this would work along side existing payments system. "trusted to manage financial transactions despite the massive history proving they can" in peacetime yes. Beside that its a common good not under democratic control. Sweden as a state has small but very real risk of being invaded. There is a lot of work in Sweden at the moment to remilitarise the country. For example mandatory conscription has been introduced. "For example, if only the state was allowed to process financial transactions, we never would have gotten credit/debit cards" - debatable conjecture. Still no one is looking to get rid of payment systems that are currently in place. "If they had nationalized after this development, we would not have NFC payments or chips in cards" - again debatable conjecture. "The state is anti-innovation (think about how slowly government infrastructure has developed) and anti-consumer (imagine the DMV in charge of your money). " - I'm not sure how to respond to this but I'll give a try. For an American example you can take a look at NASA, It is general acknowledged that you have something like a 14$ return on every dollar spent. This: https://en.wikipedia.org/wiki/NASA_spinoff_technologies https://en.wikipedia.org/wiki/NASA_spinoff_technologies does not look like ant invention to me "This whole notion of "the state knows everything" and "only the state cares about you" seems completely dystopian." Well in a functioning democracy the state has the potential to be serving its citizens. It works fairly well in Scandinavia, but less so in Russia or China.