Galbraith is a font of bitchin' quotes. Anyone who read Piketty through to the end got to the part where he said the evidence thus far indicates that people are better off in a market system run by socialists: you need the incentives of being able to make money, but you need the protections of not being able to destroy people in the process. Unfortunately nobody in the United States read Piketty through to the end, or if they did it was hate-reading. We had that. It was called Glass-Steagall. We killed it in '99. That quote was Galbraith talking smack about trickle-down economics. That it is a fecal reference is not accidental.IIRC commercial banking has to be totally separated from insurance, and key executives made smart decisions in not betting the farm on risky financial instruments.