EdwardDiamondhands on Nostr: For this iteration of Bank Crisis, will a critical mass of people lose trust in banks ...

For this iteration of Bank Crisis, will a critical mass of people lose trust in banks and demand real reform, or will regulators simply double-down on the monopoly and force people to continue in the current modality?

Trick question: no matter how many people are disillusioned, governments will proclaim major reform and shout very loudly at “bad banks”, while simultaneously doubling down on enforcing the monopoly and securing their and their banker-friends’ long-term prosperity.