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One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window.
But don’t even think of regulating the banks!
(via ryking)
Posted on September 9, 2011 via The New Republic with 686 notes
Source: thenewrepublic
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