Dan Crawford | January 8, 2016 7:41 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.
If we really want to fix banking eliminate fractional reserve lending.
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.
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.
If we really want to fix banking eliminate fractional reserve lending.
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.