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Open thread Jan. 8, 2016

Dan Crawford | January 8, 2016 7:41 am

Tags: open thread Comments (3) | Digg Facebook Twitter |
3 Comments
  • Denis Drew says:
    January 8, 2016 at 9:17 am

    How Can Banks Get Away With Charging Such High Fees?
    The same people own most of the [same] big banks.
    By Eric Posner

    http://www.slate.com/articles/news_and_politics/view_from_chicago/2016/01/banks_charge_high_fees_because_there_is_no_real_competition.html

    Beware. The same virtual monopoly process may be taking place almost everywhere.

  • beene says:
    January 9, 2016 at 8:51 am

    If we really want to fix banking eliminate fractional reserve lending.

  • amateur socialist says:
    January 11, 2016 at 11:03 am

    This piece linked from Naked Capitalism with a Canadian view of the sharing economy helped crystalize what I object to about this stuff: https://www.policyalternatives.ca/publications/monitor/apploitation-city-instaserfs?utm_content=buffer4dcc8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

    Having killed off the unions TPTB realized we still need scabs (to mitigate the remaining statutory limitations on abuse of workers). Voila.

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