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not exactly what you're asking, but banks and insurance companies are the majority of what I call "the beaurocracy of money". they don't produce anything of value, and are basically just a sinkhole for labour.
I hate capitalism as much as the next lemming but banks and insurance companies, at their base level, definitely provides a service. Banks help you spread the cost of things over time at the expense of interest, and insurance companies do something similar with risk.
Its only when they do warped shit like lend money at zero interest or force consumers to pay for insurance (thereby negating the need to be competitive) that they start to leech off the system.
Huh? I can go almost anywhere in the world and wave my phone at a register and take whatever I want home. Without a bank Id have to carry a lot of everywhere.
No. No you wouldn’t. We don’t need banks to implement the concept of currency in a society and you’re myopic for not understanding that but instead pretending to be some sort of authority on the matter.