3 ms·
There's no political will because it helps poor people and reduces revenue for megacorps. Guess who "political will" comes from?
by banannaise 5y ago
There's no political will because it helps poor people and reduces revenue for megacorps. Guess who "political will" comes from?
- JumpCrisscross 5y ago> There's no political will because it helps poor people and reduces revenue for megacorps There's no political will because of this fatalistic B.S. There have been multiple bills presented in Congress. The result is usually the same: lukewarm support. (My favorite: a rep talking about cutting wire fees, making them 24/7 and mandating interoperability saying they got letters complaining because she talked about banking. Nobody wrote in support. Guess what got dropped from the bill.)
- Iefthandrule 5y agoActivism on these issues get stamped out by the wealthy. Look at what happened to Bernie and Occupy Wall Street. It is not a matter of lack of passion or organization. It is a matter of corruption.
- JumpCrisscross 5y ago> Look at what happened to Bernie and Occupy Wall Street This is sort of like saying the wealthy have no power because look at John McAfee. Bernie didn’t propose bank interconnects. Occupy didn’t propose anything. (I was there.) Payment infrastructure modernisation, by statute, simply doesn’t have political support in America. It’s between people who want to abolish banks and capitalism and an uncaring supermajority.