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Let Banks Get Bigger
[Published in Maclean's Magazine on May 18, 1998]
Dear Editor,
Re: "Is Bigger Really Better?"--by Kimberley Noble--May 4th--Maclean's
To ask "Is bigger really better?" in the context of the bank mergers is
a smokescreen question. The real question are: is it better to let an economic czar
(such as Paul Martin) make economic decisions or to let banks freely compete for
clients? is free enterprise better than a government-controlled economy at delivering
better services at lower prices? do bank shareholders have private property rights
or are we living under fascism where government dictates what can be done with one's
own property?
Sincerely,
Glenn Woiceshyn
© 1998 Glenn Woiceshyn.
All rights reserved. This article can be found on-line at at http://www.capitalism.org/glennw. |
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