This is the textbook definition of utilitarianism: "Utilitarianism is a theory in normative ethics holding that the proper course of action is the one that max

This is the textbook definition of utilitarianism: "Utilitarianism is a theory in normative ethics holding that the proper course of action is the one that maximizes utility, usually defined as maximizing happiness and reducing suffering." He sees financial institutions as a waste, and therefore consuming vast amounts of resources to no useful or positive effect.