Replace bank chiefs with small dogs: Chinese top economist


China's former chief economist has excoriated the nation's banking system, which charges high fees and maintains a greedy-large gap between its deposit interest and lending interest rates.

Such a business provides no value, and is merely parasitic on the people: "With this kind of operational model, banks will continue making money even if all the bank presidents go home to sleep and you replaced them by putting a small dog in their seats."

As always, Terry Pratchett was way ahead of the game, proposing exactly this solution in the his brilliant 2007 novel Making Money.

(Image: small dog., a Creative Commons Attribution Share-Alike (2.0) image from p1k3's photostream)

Notable Replies

  1. "maintains a greedy-large gap between its deposit interest and lending interest rates"

    You sure this is just about China?

  2. I would be happy to supply them with capitalist running dogs, a breed noted for its efficiency and entrepreneurial tendencies..

  3. That sounds like EVERY banking system ever.

    But I must say, replacing bank chiefs with small dogs would be an improvement in many ways.

  4. Such a business provides no value, and is merely parasitic on the people: "With this kind of operational model, banks will continue making money even if all the bank presidents go home to sleep and you replaced them by putting a small dog in their seats."

    Yeah, not sure that's going to help:

  5. This is why I laugh when people say "Communist China" with a straight face.

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