"Does it follow that the new monster-UBS will usher in an era when banks are large, heavily regulated utilities, or even effectively nationalized industries?"
"The maddest examples have come when monopolies – water, rail – have been sold to private firms, even though competition is the only thing that makes markets work. A private monopoly is the worst of both worlds: no competition-based incentives to improve, and no public-good ethos pushing the organisation to look out for citizens’ interests."
#MaxRashbrooke, 2025

Felis Floppus