The profits returned as dividends are pure rent extraction and essentially a tax on global economic growth.
That's why it should have a different structure. The mystery is why the member banks allowed it to become a for-profit entity and why governments continue to allow it to suck profits from their economies.
The profits returned as dividends are pure rent extraction and essentially a tax on global economic growth.
That's why it should have a different structure. The mystery is why the member banks allowed it to become a for-profit entity and why governments continue to allow it to suck profits from their economies.