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101 days ago

Show me the money

Phillip from Mount Eden

So, I went to my local cash machine to take some money out and found my bank specific automatic teller had been replaced by a generic one. Only when the transaction was nearly complete I was informed it would cost me nearly three dollars!!! The business that the machine was attached to informed me that there was a planned roll out of this to many of the non bank machines. Tough on crime rhetoric? Try tough on banks. The recent news of paywave rorting coupled with ever diminishing active branches speaks volumes about the coldness of the bottom line. Capitalism is the root cause of a multitude of sins, from climate change to endemic poverty. What's the solution? Higher corporate taxes? Radical nationalisation of industries like telcos and utilities to subsidize social programs? The whole fabric of our future society depends on finding answers.

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