> banks do provide essential services for a fee. ... What they do isn't always rent-seeking. Mob bosses own legitimate businesses. They're still crooks. edit:

> banks do provide essential services for a fee. ... What they do isn't always rent-seeking. Mob bosses own legitimate businesses. They're still crooks. edit: Just FYI: I am not anti-bank. I am anti "capture 1/3 of all economic profits". No economy can survive that sort of parasitic activity in the long term, regardless of the intention behind it.