this post was submitted on 01 Mar 2024
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Banks do not need to be capitalist ventures at all. In fact, there is a proposal to turn all post offices into banks, which would make them literally state-run. Interest, investments, account insurance, access to your money, and loans are all things that have a proper place in a communal economy seeking to improve through development.
It does look a little odd alongside these other jobs though, this art seems to be speculating that global environmental collapse will shrink our society down to farming communes too small to benefit from loans and interest.
It's not banks per se that need to go, it's usury, or interest.
Banks can still find profit and not charge interest, see the entire Arab world.
It's creating money out of thin air. Someone's good will isn't good will when you're forced to pay 125 back on 100 loan. That 25 gets counted towards GDP, even tho nothing was created or there's nothing temporal to show for it, lessoning the value of all currency. Usury is skimming off the top, eventually the whole container is empty.