Well, no: this isn't the way we want it to work. It's how it has to work. Banks aren't just a necessary evil - any functioning financial system needs intermediaries. Furthermore, in all but a small handful of cases, those intermediaries need to be trusted and trust-worthy. Bitcoin, and all other protocols based on Satoshi's design[0], are limited to maintaining a secure ledger of "on-chain assets". Any interaction with the real world still requires a trusted intermediary to feed data back into that ledger; and once you do that the downsides of maintaining a distributed trustless global ledger for the virtual side of those assets becomes apparent.

[0] Including Ethereum.