Major banks have been nationalised by governments around the world, providing a perfect opportunity for ministers to steer lenders in a new direction. Private money needs to be siphoned into a sustainable future through more forward-looking banks and finance houses. These key institutions need to abandon their sole focus on short-term profit maximisation in favour of a long-term, non-profit performance view.
Stop asking banks to make a profit.
Yes, that\’ll work.
> Private money needs to be siphoned
Stealing is the way to success “Zimbabwe style”.
Ye gods, this stuff is straight out of Atlas Shrugged — the immorality of profit and the selfishness of intelligence.
Worth each and every one of those seven shiny pounds.