The load matters - but not in the way you think

Some recent reports of studies (sorry the real thing is locked away by academic publishers and I do not have access) estimate that up to 3% of assets vanish every year into the pockets of the brokers and bankers who make up the financial services industry.

At the same time, until last year, a great many countries and industries were posting record growth.

Either that growth was not real, though it is hard to miscount aeroplanes, or the economy needs a lot less capital that it is raising.

Toss the bankers for sure. But give a thought to whether economic productivity has really risen wildly (as it should have given all the new stuff that has been invented and reduced in cost over the last 20 years) and we have not seen the results because the dough was stolen by the banks.