Apparently this is by creating unions and a postal bank. I have no idea how we get from here to there, I wish they had concentrated on that.
IMO, if this topic is important to you, I'd find a source that doesn't have a political agenda, and doesn't appeal to emotion. Unions, (love or hate them,) are political organizations, and often work by appealing to emotions.
See: https://news.ycombinator.com/newsguidelines.html
> Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon.
Edit: Remember that most people on Hacker News are either entrepreneurs, who do not want their employees to unionize, or professionals, who can negotiate independently and don't need a union to protect their income and work environment.
Even though it's loosely about Taylor Swift, it's really about hacking some technology used in her concerts.
https://apwu.org/news/new-research-shows-potential-postal-ba...
This seems to be the main thing I could find in a quick search.
I am trying to understand, but I don't know how increasing access to funds among the poorest segments of society can help defeat fictionalization as they have defined it. It really feels to be more of a spitball against an entire cultural dynamic that revolves around extracting guaranteed money through money.
The Fed already offers banking services to banks. That infra can be reused by everyone not just the banks. But why isn't it?
Its an old question that the banks get very jittery about. But it came back to the fore when a couple banks collapsed last year and the Fed had to step in and save everyone's deposits. The entire amount. Even though its not even obligated too. Everytime this happens, people start asking more and more loudly, with the tech infra we have today, why can't those of us who want to, just bank directly with the Fed?
Big banks will oppose furiously so attempts will be made to do it in ways that don't appear to be a threat to them. Hey man we just interested in the banking unbanked poor people. But obviously once postal infra can be reused to open a bank account with fed then Anyone can start using it...
... is this trying to argue that corporations cared about all of that stuff before financialization? Because that is what it seems like it's trying to argue. And as anyone who's done even a cursory glance at the history of the 19th century well knows, corporations were far more rapacious than they are today.
