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I don't think that you need an in depth analysis to understand that Facebook and a consortium of powerful private interests are looking to wrest further control
by tehjoker 7y ago
I don't think that you need an in depth analysis to understand that Facebook and a consortium of powerful private interests are looking to wrest further control of the world financial system from local control. Corporations are the opposite of democracies, so allowing a group of unaccountable players looking after only their own interests to control the world money system would be a disaster. To the extent the economy is already set up this way, it is already a disaster.
- carlosdp 7y agoBy that logic, it's already a disaster, so this doesn't really change things? All it does is allow more people to engage in payments online. Even in that view, it seems like a potential net benefit to the world economy, maybe.