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Forces of Bank Disintermediation

Forces of Bank Disintermediation

By way of protecting their legal monopoly in the west banks are forcing themselves out of the market. The forces are similar to what the Railway act did to the automobile industry in England in the late 19th Century - the Railway Act killed the automobile industry and stalled the development of roads. It becomes more critical with the speed of innovation and world-wide connectivity and competition.

http://www.interfima.org/publications/bank-alternatives/

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