Wednesday, November 24, 2010

On the Uselessness of Bankers

This inspired me to think about and come up with a couple very different metaphors for banking:
  • Bankers are parasites that latch on and suck to the 2 way flow of goods from producers to consumers. How much of the wealth do we let these parasites consume? Bankers dont produce wealth, they produce money, wealth comes from farmers, builders, artists, scientists
  • Bankers trade time for wealth via the lending of money. "Sure we'll give you this money now because there will be plenty of it to go around in the future. We have plenty of money and time and will lend you some in exchange for the your promise to give us your wealth over the long run. We'll, wait. We have time, its you that doesn't have time." Banks have this idea that there will be more money out there in the future because economies have always grown because populations have always grown. I dont understand how no one is bring up the fact that actually yes, every habitat, even Earth, has SOME carrying capacity and the population will stop growing AT SOME POINT.
  • Bankers are matchmakers, connecting opportunity with those who want to do something with it. Thing is, maybe this was necessary in the past, but now we have the best opportunity search tool available to us: the Internet. Why do we continue to pay banks to find something I could pull up with a Google search?
What do you think? Are any of these meaningful, thought provoking, or insightful?