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> I'm not sure the government would police itself either One would assume that if the law was intended that everyone can have a bank account, then ultimately o
by nicoburns 5y ago
> I'm not sure the government would police itself either
One would assume that if the law was intended that everyone can have a bank account, then ultimately one would be able to appeal through the courts. Which are not perfect, but are a hell of a lot better than a company just being able to make it's own decision without having to justify it.
Of course, you could have a governmental setup without this aim. And you could regulate the private market. But generally speaking governmental organisations are held to higher standards and have less incentive to be non-compliant.
- FredPret 5y ago> But generally speaking governmental organisations are held to higher standards and have less incentive to be non-compliant Citation needed. I’ve seen precisely the opposite. What’s needed is external pressure to be a good actor. The courts can do that to a government - in a country with very strong institutions. With a decent number of competing banks and a strong regulator, you can get very far
- BrazzVuvuzela 5y ago> One would assume that if the law was intended that everyone can have a bank account, then ultimately one would be able to appeal through the courts Maybe we should first socialize the legal industry, such that suing the government is actually a realistic option for the common person who, at present, cannot afford to hire lawyers for something like that.