2023-08-11
Fortune and Freedom is an independent financial publication, but finance is now centre stage in our national life, because our modern society cannot function without banking services across the internet.
No banking service, no ability to manage your money. It really is that simple.
As individuals we could in theory pay cash for all our day to day purchases, but we all need a bank account for our incoming salary / pension / benefit payments, and a counter or ATM somewhere where we can withdraw that money as cash.
Therefore, banking provision is to all intents and purposes an essential public utility service, like water, power, and drainage, without which modern life is neither feasible nor acceptable. It is the bedrock upon which all commercial transactions of any size above the minutiae of the trivial personal purchase are founded, and without which they become impossible.
Banking is now suspected of being weaponised for use against those who profess the wrong opinions - but maybe the problem is even wider than that?
(14 minutes)
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