Page 112 - Monocle Quarterly Journal Vol 1 Issue 1 Q4

BANKING
“We, as consultants, should not be peddling regulation for the sake of it. We should be advising banks on the best way to deal with the complexity of opposing forces.”
And can I tell you who is going to put a stop to it; the banks. You need a bank account to put your money in, and if your money cannot be accounted for, you have a problem. Recall that Al Capone didn’t go to prison for the rest of his life because he murdered people, he went for not paying his taxes. In modern life you need to pay your taxes and hold bank accounts that are transparent.
e minute that banks are not private enterprises, they will not have the right to close bank accounts and say, “No thank you, I don’t need your business”. at is why banks must stay private; this is their purpose.
We must work for more than money; towards a better future for banking because it is the blood supply of the body economic. We, as consultants, should not be peddling regulation for the sake of it. We should be advising banks on the best way to deal with the complexity of opposing forces. We need to ght harder against these state enterprises. We need to live in a capitalist free society and not some pseudo democracy. e banks must stand as the real heroes in this battle against evil, even in its banal form.
e only people that will make a true democracy work are people like you and me, who will not be extensions of the state. e state is already too big and it is already too powerful.
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