Bankers
There seems to be a lot of rhetoric around evidence based policy, but banks seem to be exempt. The evidence is that banks are greedy, stupid, inefficient and a drag on the economy, yet they continue to dictate to the rest of us as if they had the slightest clue as to what they are doing. In reality banks are still in the era of the horse and cart, at least when it comes to retail customers, yet the scum who make money by gambling with our savings (such as they are) can run up ridiculous debts (Societe Generale). Those same scumbags can trade billions instantaneously, yet it take weeks for the average retail customer to move money from one bank to another The established banks have a de facto monopoly on shifting money around, and consequently can survive being stupid and inefficient. If only Google did banking….
Tags: Banks scum, evidence based policy, stupidity