Opinion: UK banks and the productivity puzzle: it may not just be about limited lending via Simon Wren-Lewis -John Gelmini

Alf Tupper

Alf Tupper (Photo credit: foistclub)

 

Sadly I do not think Dr Alf’s wish will come true because the European Commission is told what to do by the people who control the banks, just as UK Government‘s are and have been since the early 1800s.

 

Outlawing bonuses will do nothing because the Masters of the Universe will just demand bigger salaries.
The solution is Crowd-sourcing, Peer to Peer lending, and the banks being replaced by technology companies creating different means of exchange.

 

John Gelmini

 

 

 

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