If the following is true then why are banks needed to make - TopicsExpress

If the following is true then why are banks needed to make loans? The American free enterprise system operates on the necessity of profits, or budget allocations in the case of nonprofit organizations. Thus, any new activity can be justified only if it is cost effective; that is, the net result must show a profit improvement or cost reduction greater than the cost of the activity. --- So even if there are no written laws limiting or engineering activities of people the concentration of wealth passed from feudalism to capitalism can be used to socially engineer and control peoples choices without it feeling like the government is doing it. #revolution

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