Thank you for your considered response … I will run it by some friends who understand this better than I do. I fail to see how ‘privatizing wins and socializing losses’ (making the tax payer pay for the bad debt) is not also directly related to the growth imperative resulting from differential interest rates on loans and deposits and the zero’sum nature of the economic and monetary system.

FYI: https://hackernoon.com/what-money-is-and-whats-wrong-with-it-8bca0e20a333