This is a time when we need fresh thinking on how to organize our society to a better job of serving our people. There are too many citizens who have lost faith in our government, in big business, and our other institutions. They have seen President Trump call our media “dishonest,” our justice system […]
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(Part III of a series on the future of banking and finance) By now I hope to have convinced you in Part I and Part II of this series on 21st Century Finance, that things are never going to be the same. My thesis is that new technologies (discussed extensively in Part I) have the […]
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(Part II of a series on the future of banking and finance) This column follows my overview comparing 21st Century Finance vs. 20th Century Finance. Hopefully I convinced you that banking and finance are likely never to see the same profit margins as in previous decades and that many of the business lines are […]
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(Part I of a series on the future of banking and finance) Finance’s 20th century business lines – their go-to money makers – are all in jeopardy of being destroyed. Primarily this is due to finance’s blatant disregard for its customers’ actual needs. This is the result of the industry’s traditional 40%+ profit margins that […]
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We have myopically come to believe that “survival of the fittest” is synonymous with competition and is the highest expression of our nature. Yet survival of the fittest also includes those creatures, including humans, who successfully and continuously cooperate to survive. Case in point: Lions adorn the flags of many nations as symbols of individual […]
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