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A comment on How U.S. Banks Took Over the World. Parent comment

Re:How U.S. Banks Took Over the World by roenxi on Wednesday September 04, 2019 @09:36AM (#20877045)
> I'm sure US banks in control is bad at a macroeconomic level, but for the average consumer and at a microeconomic level I think it could bring about a lot of positive changes. Then again my perspective is probably skewed as an American

It is also worth comparing the US banks to alternatives. The US is changing, but as a political entity the US still accepts that wealth and earning money are fundamentally good things and that private property is a thing. For example [0].

The US banks are trustworthy like snakes and scorpions, but at least they exist in a regulatory world that is pro-money. It is easy to see why US banks might end up being more effective than the competition. If they tap into a massive opportunity they are allowed to make obscene money. That is also a major driver why if someone wants to succeed, they want to succeed in the US. I bet that pervasive attitude comes through in the banking system too.

[0] https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...

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Re:How U.S. Banks Took Over the World by mindslight on Wednesday September 04, 2019 @08:05PM (#20882652)
> The US banks are trustworthy like snakes and scorpions, but at least they exist in a regulatory world that is pro-money

Erm, US banking regulations have become quite insistent on knowing customers' identifying information, requesting employment details, and reporting many cash transactions to the government. So the environment can't really be said to be pro-money, at least at the pleb level, as the concept of money implies fungibility.

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