Re:EU set to unveil plans for bloc-wide digital wallet for v...
by TacticalCoder on Tuesday June 01, 2021 @01:58PM
(#27358646)
> Since the politicians are so deeply involved in the banking sector,[3] the only real hope of change is that a higher power takes more control.
This is typical of a certain political mindset: too big of a state ain't working, but surely an even bigger state shall work. This time, believe us!
The answer is not "more of what doesn't work". The answer is less.
Re:EU set to unveil plans for bloc-wide digital wallet for v...
by LunaSea on Tuesday June 01, 2021 @11:24AM
(#27355860)
The higher power you are talking about is even more of an oligopoly with only the Commission having any decision power.
Re:EU set to unveil plans for bloc-wide digital wallet for v...
by captaincaveman on Tuesday June 01, 2021 @02:41PM
(#27359329)
> the only real hope of change is that a higher power takes more control
Odin?
Re:EU set to unveil plans for bloc-wide digital wallet for v...
by CryptoPunk on Tuesday June 01, 2021 @06:04AM
(#27352426)
>>the only real hope of change is that a higher power takes more control.
A more durable solution would be to move. If sovereignty is ceded to that higher power, and that higher power subsequently becomes corrupt, your range of options significantly narrow.
Re:EU set to unveil plans for bloc-wide digital wallet for v...
by evanb on Tuesday June 01, 2021 @06:51AM
(#27352727)
It'd be much easier to move if their ID and all of their documents were available to other governments in an easy-to-use compatible way. If only there were some sort of bloc-wide digital wallet...
Re:EU set to unveil plans for bloc-wide digital wallet for v...
by throwaway2048 on Tuesday June 01, 2021 @08:21AM
(#27353394)
Name a country where political leadership isn't intertwined tightly with banking and finance.
Somalia maybe? But i doubt it.
As a Swede, I strongly disagree with this idea. My country is essentially a "democratic oligarchy" with a wealth inequality similar only to Russia.[1]
The current eID system in Sweden is a private oligopoly run by, amongst others, the Wallenberg family and a previous prime minister. This oligopoly is used to stifle competition.[2]
Since the politicians are so deeply involved in the banking sector,[3] the only real hope of change is that a higher power takes more control.
[1] https://www.ft.com/content/747a76dd-f018-4d0d-a9f3-4069bf2f5... [2] https://www.realtid.se/konkurrens-storbankerna-har-nekat-fin... [3] https://www.expressen.se/dinapengar/toppsossarna-som-tjanar-...