What do the libertarians say about this theft? While I understand the idea of the free market, I don't see how that would have protected the consumer in this case. The CEO has millions of times the power of the average consumer, and can harness thousands of people to his agenda.
The consumer is left to either (a) pay the "idiot" tax of being stupid enough to sign up for a thieving bank, or (b) rely on the government to protect his best interests.
While I have severe misgivings about the efficiency and corruption of large government, I find it hard to argue that a perfect "free market" would be better for the consumer.
The consumer is left to either (a) pay the "idiot" tax of being stupid enough to sign up for a thieving bank, or (b) rely on the government to protect his best interests.
While I have severe misgivings about the efficiency and corruption of large government, I find it hard to argue that a perfect "free market" would be better for the consumer.