The above refers to the so-called Financial Sector in our economy. By Financial Sector I mean Banks and other lending and trading institutions and the Stock markets whose sole purpose is to efficiently aid the flow of capital within society. Efficient allocation of capital and resources is important for the production of good and services that improve the lives of all citizens within an industrial society. Today, the welfare of the Banks is of paramount importance to our government. Big Banks must not fail, but it is ok for the U.S. car manufacturing sector to go down. There is a revolving door connecting top executive positions at large banks and top regulatory positions in our government. Today you are chairman of Goldman-Sachs, tomorrow you serve as Secretary of the U.S. Treasury. This leads to corruption and insider dealing. There is no effective oversight and we, the citizens that finance all this, are left in the dark.

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