Stuart will be relieved that
August 2026 › Forums › General discussion › 100% reserve banking › Stuart will be relieved that
May 21, 2013 at 2:42 pm
#86805
Keymaster
Stuart will be relieved that the Cooperative Bank's current difficulties are not the result of pursuing a "ethical banking" policy. On the contrary, they would seem to have resulted from them behaving like any other capitalist enterprise. But then to stay in business so as to be able to pursue an "ethical" policy, a business has to behave like any other business, has to beat the competition, make profits and accumulate capital (grow).. Either way, "ethical" capitalism is exposed as a sham. Though I'm not quite sure what to do with my accounts with the Cooperative Bank and the Britannia Building Society. Move My Money perhaps?
