Normally, I'm a capitalist. But when large companies get to control every aspect of one's life, and one is practically forced to use a bank, and banks are an o

Normally, I'm a capitalist. But when large companies get to control every aspect of one's life, and one is practically forced to use a bank, and banks are an oligopoly, I favor state intervention. The money supply, controlled mostly by commercial banks, dictates whether we are in a boom or a recession. Credit scores are instruments of surveillance. Banking policies against certain activities (legal ones) impose de-facto bans on those activities, ostensibly to reduce the risk of illegal activities. As long as banks have enormous power over individuals, and as long as there is little competition, the state must regulate them.