Comment by cryptonector

In the pre-banking era you could get robbed, killed, taxed to death, made to fight in a war, etc. That's all still true, but now most of your resources (savings) will be stuck in a place where there is no need for violence to cause you to lose all of it.

The way we normally deal with all these problems as a society is to apply force (via police, courts) to ensure that everyone has certain 'rights'.

The problem today is that while you have certain rights, like fairly strong rights to private property interests in real estate and such, we generally have very weak private property rights in financial properties. This is a problem world-wide. We need to fix this in our countries.