No, the world needs public banking.

As the executive and regulatory function, government is analogous to the central nervous system, while money and banking, as the value circulation mechanism, is analogous to blood and the circulation system.

There was a time when government was private, now private banking is having its own, "Let them eat cake." moment.

https://medium.com/discourse/the-worm-in-the-apple-of-modern-capitalism-a46081000d5a