Hallucinating Banks Believe They Are Technology Start-Ups
Banks are trying to make out like they are technology start-ups. But what’s their agenda? As usual, it is theirs, not their customers’.
Read more...Author Archives: Clive
Fintech Puts Payday Lending Old Wine in New Bottles
“Fintech” provider Lyric Financial is out to take advantage of financially unsophisticated musicians. Hipness is part of the ruse.
Read more...Amazon Discovers the High Cost of Being Poor
Sometimes financial services industry mouthpieces inadvertently give the game away. When this happens – and a tame bank-friendly publication runs a story which aims to fulfil their role as boosters and palliatives for what outside their bubbles is an industry which is beyond redemption – the results are often amusing. If they try to brush the problems […]
Read more...The Global War on Cash – Lessons from History
Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
Read more...Suspected 5th Columnist Streetwise Professor Knocks Blockchain… But Defends Elites
Why are self-styled progressive economists like the Streetwise Professor criticising Blockchain boosters but making excuses for our elites?
Read more...The Mainstream Media’s Phony War
How the mainstream media is still waging a Phony War for the elites — and why you need to donate to the Naked Capitalism fundraiser.
Read more...Yes, We’re Sorry About the PayPal
Why Naked Capitalism is, through gritted teeth, left with no realistic alternative than to take donations through the dreadful PayPal
Read more...Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...Japan Isn’t Playing Neoliberalism’s Word Games
Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
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