Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
about his discourse is the idea of new technologies which enable us to render the existing financial "infrastructure providers" irrelevant.

What militates against a rapid changeover is the huge amount of inertia in the system. There are certainly much better alternatives available for personal banking, business banking etc, but the existing market-share holders will continue to extract rents from us, colluding between themselves, and with the authorities, as necessary.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Feb 29th, 2012 at 11:58:23 AM EST
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