Re:Simple bank shutdown goes awry, leaving customers without...
by hardwaresofton on Monday May 10, 2021 @07:17PM
(#27112102)
> My general impression with this movement, is not that it is a way of easing transfers, but rather a nationalisation of bank accounts.
Well that’s terrifying in general, but the Denmark case you’ve laid out sounds just about perfect.
Denmark has found a way to use it’s capitalism — a “public private partnership“ with a captive audience, but properly regulated so they can’t absolutely fleece customers.
I think it’s fine that private banks create money because in the reverse it kind of distributes power — feels like a good artificial restraint (artificial only in that the government could theoretically just undo it) on the government.
Well that’s terrifying in general, but the Denmark case you’ve laid out sounds just about perfect.
Denmark has found a way to use it’s capitalism — a “public private partnership“ with a captive audience, but properly regulated so they can’t absolutely fleece customers.
I think it’s fine that private banks create money because in the reverse it kind of distributes power — feels like a good artificial restraint (artificial only in that the government could theoretically just undo it) on the government.