Ethical banking
Sunday, July 30, 2023
This piece on Farage’s crusade against NatWest on Richard Murphy’s Funding the Future blog is interesting.
Three comments:
- Regarding banks and banking in the modern economy, neoliberalism is ideologically, philosophically, and practically incompetent.
- In a free market, the seller as much as the buyer is free to choose, and sometimes (whisper it) the seller has the freer choice.
- Libertarians and the hard neoliberal right are tilting against KYC, which prevents them doing profitable business with Russian oligarchs at the moment.