thenewrepublic: One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window. But don’t even think of regulating the banks! Click for high-res photo

thenewrepublic:

One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window.

But don’t even think of regulating the banks!

(this post was reblogged from sunfoundation)

Notes

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