Death/Rebirth of Capitalism in SL? Welcome back feudal era?

The economy is going to consist of mostly land, fashion, and clubbing. No more banks, no more stock exchanges or financing mechanisms in world for community development that do not have expensive real world licenses. Will it be the death of SL capitalism given the expense involved? Or is this a pre-text for something larger?

With the in-world only financial institutions out of the way, it paves the way for real legitimate institutions to move into Second Life, assuming they want to. I've heard some RL banks with limited in-world presences are having parties the day before this massive shut down event.. coincidence? .... I always have been one to say nothing is coincidental.

With the clarification and confusion that may result for people out of the way, the interface for real world business into second life will be much more clear. The question is, are people's rights being trampled? Second Life has yet to really define itself well. It exists somewhere between a game and reality. I think this decision represents a fundamental shift in the Opinion of the Lab in what they want Second Life to be. They do not want it to be as much a game as a Secondary Reality with expressive capability. But this opens other potential nightmares.

What does this decision mean to overall gaming programmers and the gaming community in Second Life? If SL finance is too risky, will Linden Lab ever decide first person shooter sims are "too violent"; for instance?

Some SL banks, which were not frauds, but had the trust of their depositors and were doing legitimate in-world business will not go without a significant cost to some in-world communities. I can't tell you how many people I know were relying on interest to pay tier. The financial cost goes far beyond the shut downs, we're looking at a large creative cost.

I do not foresee many SL banks or exchanges being able to act quickly enough to get real world banking licenses; especially with the cost involved of such licenses. And the time frame is so short that few will have enough time to import the funds to pay their depositors. One months linden purchase allowance is like 25,000 USD from my understanding. If this is true, getting enough cash in to cover the massive sums in some sl institutions is going to be neigh impossible. I hope the bank owners are getting on the horn with Linden as quickly as possible; otherwise the people most seriously hurt by this will be the ones who trusted the banks to hold their cash for them.