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Coming back to South Asia, origins of this mess are many decades old when the public banks controlling 80% of system’s assets were state-run, lent too freely to infrastructure and industrial projects, mostly the ones backed by politically-connected cronies and socialist aristocrats. Today, we see the continuation with their GenXYZ replicas staring at smart dashboard driven boom-and-bust stats in the lightly regulated shadow private banks, which controls the remaining system, flying high in tech clouds & jargon. These are mixed economies, cannot blame the academic principles of pure capitalism or pure socialism, when countries are mostly ruled by idiots incapable of understanding, forget practicing either ways of lifestyle with any perfection whatsoever.

Many banks are just converted as Legalised Ponzi Schemes selling death financing portfolio, while its politically targeted small business victims are pushed as bait for Bank’s large profiteering capitalists, who in turn fund the deep state in seasonal cycles.

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