5 ms·
All banks are unethical?
by 50656E6973 8y ago
All banks are unethical?
- izzydata 8y agoI find all types of credit cards with reward systems to be unethical. Their whole purpose is to bait people into debt in order to pay interest.
- mcv 8y agoI find the whole concept of credit cards themselves stupid. It's old, insecure tech that really needs to die. However, that does not make all banks unethical. There are absolutely predatory banks, but there are also banks that exist to provide value to their customers, while taking responsibility for their role in society. Avoid the former and choose the latter. (It's entirely possible that ethical banks are so because they're forced to by regulations. If you think that's the case, vote for better regulation. Dutch banks seem to be taking these things very seriously, though most of them have also been involved in at least one greed-driven scandal during the past two decades.)
- izzydata 8y agoI agree that not all banks are unethical whether by choice or regulation. I was specifically calling out a type of credit card service. Even if the tech behind credit cards changed the predatory services would still exist. Whether you use a card, cellphone or some future tech they embed into your skin to access an account they still exist to get you to pay interest on debt.
- faissaloo 8y agoIf they deal in interest they are worse than slave owners in my eyes