Collectivization

Deregulation of banks is a must-do for our economy to recover.  As it is now, the regulation of banks to destroy competition is well underway.

The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

And we have this...

The consolidation could help alleviate concerns that the abundance of U.S. banks leads to difficulties in oversight or a less-efficient financial system. Meanwhile, overall bank deposits and assets have grown, despite the drop in institutions.

 Hmm... who decides is a financial institution is efficient enough?  Would that not be the customers and the owners, and not the writer for the WSJ?  Yes, it has been established there is no such thing as oversight in the case of Government, there is only regulators owned by the top regulated.  yes, assets have grown while there are fewer institutions, since we are in one of the largest ponzi schemes in history, right now, thanks to the regulators and the banksters.

And this:

"Seven thousand is still an awful lot of banks," particularly in an era where brick-and-mortar branches are becoming less profitable, said David Kemper, chief executive of Commerce Bancshares Inc., a regional bank based in Missouri. "There's no reason why we need that many banks, especially if those smaller banks have a much lower return on capital. The small banks' bread and butter is just not there anymore."

According to whom?  He who benefits from the fix-is-in regulations?  How does he know if 7000 is an awful lot, or what the right number might be?  If you write pointless regs to destroy small business, then you can pontificate on how the victims never deserved to live anyway.

No sympathy for any bankers?  OK.. how about this?

An 11-year-old Oregon girl who wanted to help her father pay for her braces by selling mistletoe over the holidays, found herself embroiled in city bureaucracy. On Saturday, Madison Root went to the downtown market to sell fresh mistletoe she cut and wrapped herself from her uncle’s farm in Oregon.

No dice, the people who have booths in place conspire with the government to keep the 11 year old away from where the customers are.  "Go beg..." is their response.

Portland is a liberal city, so even farmer's market types welcome conspiracy with government to restrain trade, to their own benefit.  Never mind customers making decisions, they want a king to fight their battles for them.  And if their policies make you a loser, well you can always become a beggar, which is again the progressive answer to anyone who is on the losing side of a Government policy.  Progressivism is fascism with a halo.

We need a Hong Kong in USA so 11 year olds can work if they want.

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