Banksters are parasites
Here's a nice little summing up:
Remember, of course, that finance isn't productive--it's allocative. (Think about it this way: a global economy of N-1 traders and a single producer probably would be radically less productive than vice versa). Hence, manufacturing being offshored--but only low-value services (think lawnmowing) replacing them.
Yep. Which'd you rather? #1: An economy with 100 manufacturers and 1 bank, or #2: an economy with 100 banks and 1 manufacturer? Of course, the banksters picked door #2 for us, but that just goes to show.
Allocation, not production. Exactly what austerity is all about, no?