I think bankers have to decide if a loan is promising or not. If you want a loan to start a business that is doomed, they should say no. Without money, the managers can't do anything.
I don't want to defend all bankers, but I think it could be a service like other services.
Your 3rd world example also falls short. I wouldn't create a "planned" economy, but go for demand. Actually a lot of 3rd world countries fare reasonably well with tourism, which is maybe more service than production? India also exports services - it is possible, so I think the generalization "products over services" fails. Both are necessary.
I don't want to defend all bankers, but I think it could be a service like other services.
Your 3rd world example also falls short. I wouldn't create a "planned" economy, but go for demand. Actually a lot of 3rd world countries fare reasonably well with tourism, which is maybe more service than production? India also exports services - it is possible, so I think the generalization "products over services" fails. Both are necessary.