A Banking System That Facilitates Wealth Transfer Rather Than Wealth Creation

The paper suggests that concentration of money and a loosely regulated financial market as the main culprits impeding the efficient allocation of economic resources through a banking system that seems to have lost its way and mission. The pursuit of return without risk inevitably leads to the transfer of wealth through a failing banking system which collaborates with hedge funds and global wealth management groups who constantly pursue low risk and high returns for the benefit of their wealthy clients.