http://www.businessinsider.com/economist-bankers-defame-capitalism-2014-11
The Economist, a traditionally pro-business and pro-capitalism has blamed the banking sector for defaming the name of capitalism. According to them, the banking sector is obscuring the market with complex bundles of products with long acronyms and it is no longer about the best product at the most competetive price, but how to confuse the consumer. This statement by The Economist was seen as similar to the Occupy Wall Street Movement, but was done by a traditionally pro-business publication.
What do you think about The Economist's statement that banking is becoming the face of capitalism and is destroying the practice of it?
I think that banking is becoming the face of capitalism. A lot of us are coming out of school with student debt, already "owned" by the banks. I think the younger generation has a low opinion of banks.
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