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#financeindustry — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #financeindustry, aggregated by home.social.

  1. If you follow #tech for some time now, you've heard of the giant ship of Theseus, built like a house of cards that is #US infrastructure. #COBOL is also still the go-to for the #FinanceIndustry.

    Two things can be wrong at the same time tho:

    COBOL does need replacing and there should be an actual public-ptivate partnership to replace it, but you shouldn't "move fast and break" people's lives.

    #ElonMusk Secretly Working to Rewrite the #SocialSecurity Codebase Using #AI
    futurism.com/elon-musk-rewriti

  2. So let me piss you off.

    We can't nor should we blame the #elites or the #oligarchy for how things are.

    Why?

    Because we need to blame the systems. #Capitalism, #speculativetrading (i.e #gambling), the #financeindustry, etc.

    The systems put in place are at fault and need to be replaced or ripped down.

    Take your pick.

  3. In the end most countries not only follow the #American model, but do so unwittingly.

    I'm not saying Americans aren't entertaining or inspiring, but #SiliconValley, coupled with the #USGovernment, their #financeindustry that feeds these silly #VentureCapitalists money to fail upwards is becoming somewhat trite - and dangerous.

    I'm against #tracking of my people in #Norway, mostly because no country should have centralized access to all the world's data.

    That is insane.

    Part 3/

  4. @sik0fewl Nice to see a bit of movement on this but it's clear that the #FinanceIndustry in #Canada is still calling the shots given its limited scope.
    High interchange fees are basically a tax on the poor. Everyone pays but high net worth individuals are the ones offered #CashBack or Points cards so get some of it back.
    They're even horning in on essential costs as I wrote about a few years back galbraith-was-right.sheamuspat
    #cdnpoli