Retail banking may be a profitable activity, but it's not profitable for the bankers involved. The only way bankers become "masters of the universe" is when banks get fees on multibillion euro deals and the investment bankers that do these deals claim fractions of that income for having "originated", "structured" and "closed" the deal. Without that important factoid that investment banking income in big, discrete, relatively rare amounts and not from lots of small transactions, you don't get the whole phenomenon of income capture, income concentration and all the instruments built on top of it.

Retail banking may not be seen as a very nice industry, but it's not the one creating the Anglo Disease.

And landing to relatively small organic farming activities will be retail, almost by definition - given how important local conditions are meant to be.

In the long run, we're all dead. John Maynard Keynes