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>Let banks operate and merge across borders, especially neobanks/fintechs. I'm not sure more centralisation of banking is a good idea. Too big to fail and all
by tonyedgecombe 9mo ago
>Let banks operate and merge across borders, especially neobanks/fintechs.
I'm not sure more centralisation of banking is a good idea. Too big to fail and all that. The UK has never really recovered from the banking crisis thanks to its oversized financial activities.
- cm277 9mo agoOh, you mean the declining economy with (checks notes) the largest startup ecosystem in Europe? :-)
- tonyedgecombe 9mo agoThe economy where per capita gdp has hardly moved in the last 15 years.
- direwolf20 9mo agoDo we want more GDP? Look where that plan took America. Europe seems to feel it has enough GDP and can pursue additional goals.
- tonyedgecombe 9mo agoIf you want to abandon GDP growth then you will need to completely rework our economic and political system. I'm not sure we have come up with a suitable alternative so far.