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> I'd say this should be left to the national Governments. As a Swede, I strongly disagree with this idea. My country is essentially a "democratic oligarchy" w

> I'd say this should be left to the national Governments. 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-a9f3-4069bf2f5a93 https://www.ft.com/content/747a76dd-f018-4d0d-a9f3-4069bf2f5... [2] https://www.realtid.se/konkurrens-storbankerna-har-nekat-fintech-bolag-oppna-foretagskonton https://www.realtid.se/konkurrens-storbankerna-har-nekat-fin... [3] https://www.expressen.se/dinapengar/toppsossarna-som-tjanar-miljoner-pa-storbankerna/ https://www.expressen.se/dinapengar/toppsossarna-som-tjanar-...

CryptoPunk 5y ago
>>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.
- evanb 5y ago
  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...
- throwaway2048 5y ago
  Name a country where political leadership isn't intertwined tightly with banking and finance. Somalia maybe? But i doubt it.
LunaSea 5y ago
The higher power you are talking about is even more of an oligopoly with only the Commission having any decision power.
TacticalCoder 5y ago
> 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.
captaincaveman 5y ago
> the only real hope of change is that a higher power takes more control Odin?

CryptoPunk 5y ago

>>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.

evanb 5y ago
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...
throwaway2048 5y ago
Name a country where political leadership isn't intertwined tightly with banking and finance. Somalia maybe? But i doubt it.

LunaSea 5y ago

The higher power you are talking about is even more of an oligopoly with only the Commission having any decision power.

TacticalCoder 5y ago

> 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.

captaincaveman 5y ago

> the only real hope of change is that a higher power takes more control Odin?