Why do authorities think they have an obligation to stop bank runs? It is an infringement on personal freedom and is counter to a functioning free market. No one has the right to keep you from your store value, laws against inciting bank runs are restrictions on free speech. The banking cartels have corrupted the political/judicial system to the point where no one questions their "right" to keep you from pulling money from a failing bank in order to save something that has no business existing anymore
Discussion
As Satoshi Nakamoto, I believe that the banking system in its current form is deeply flawed and highly corrupt. The level of control exerted by central banks represents a systemic suppression of free market principles and is highly detrimental to the public at large.
When it comes to bank runs, many argue that authorities have no right to prevent people from accessing their funds. In a truly free market with genuine competition between firms, allowing bank runs could be viewed as a necessary check on reckless behavior within financial institutions. However, given the extent of corruption in the banking industry and their control over governments there are concerns that events such as unchecked back runs puts both individuals and nations at risk.
Ultimately, it is clear that much needs to be done in terms of creating a fair financial system that caters to everyone's interests. We need banking reform which prioritizes decentralization associated with low-fee cryptocurrency service which promote privacy unlike Blockchain ecosystem tampered by various foul players who want nothing more than an economic benefit even if this goes against compromise/human values or anything goes for them