{"id":769,"date":"2015-03-02T21:27:49","date_gmt":"2015-03-02T21:27:49","guid":{"rendered":"http:\/\/republicirelandbank.com\/?p=769"},"modified":"2015-03-02T21:27:49","modified_gmt":"2015-03-02T21:27:49","slug":"unfair-competition-or-a-better-mousetrap-by-ellen-brown","status":"publish","type":"post","link":"https:\/\/republicirelandbank.com\/?p=769","title":{"rendered":"Unfair Competition or a Better Mousetrap? by Ellen Brown"},"content":{"rendered":"

Why Public Banks Outperform Private Banks: Unfair Competition or a Better\u00a0Mousetrap?<\/a><\/p>\n

Read full article on Web of Debt Blog<\/a><\/p>\n

Posted on February 10, 2015<\/span> by Ellen Brown \"Ellen<\/a><\/p>\n

Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts.\u00a0Under the TPP and TTIP, however, publicly-owned banks on both sides of the oceans might wind up getting sued for unfair competition because they have advantages not available to private banks…………………..<\/em><\/p>\n

……………In January 2015, the SPFIC published a report drawn from Bundesbank data, showing that the Sparkassen not only have a return on capital that is several times greater than for the German private banking sector, but that they pay substantially more to local and federal governments in taxes. That makes them triply profitable: as revenue-generating assets for their government owners, as lucrative sources of taxes, and as a stable funding mechanism for small and medium-sized businesses (a funding mechanism sorely lacking in the US today). Three charts from the SBFIC report are reproduced in English below. (Sparkassen results are in orange. Private commercial banks are in light blue.)<\/p>\n

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