Competition must exists, communist in my country eliminated all competition from the market, leaving just only national products, but people wants to be part of globalization.
I hope to be proven wrong, but Bitcoin Cash will never be fungible. Only systems like Monero do this. Fungibility is a serious threat to Bitcoin, that no one in the BCH community takes serious
Banker understand this. The single BTC can be re-loaned multiple times. John to charlie to mike then frank. 1 BTC passed hands in the loan but created 3 BTCs worth of Debt.
The reason banks could issue so much debt with fiat, gold, silver, salt, seashells is because paper IOUs are easier to use. BCH IOUs are not easier to use than BCH.
"If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good?" -Bastiat
I'd like to mention that most of us, capitalist or otherwise are not satisfied with the system we have. Poor suffer, the middle class copes and works hard with the poor.