"The regulatory burden of operating in the finance industry is overwhelming" That's not a reason in itself to not have it. I don't care if the rules are hard t

"The regulatory burden of operating in the finance industry is overwhelming" That's not a reason in itself to not have it. I don't care if the rules are hard to follow. If you don't want to deal with them, go do something else. "innovation is not so much stifled as killed." If the "innovation" is stuff like mortgage backed securities, then good riddance. Finance is not a place where innovation should be happening. "The whole industry is estimated to be worth ~17% of global GDP" Which is about 17% too much for an industry that doesn't actually produce anything of value.