They need to be insured like bank accounts. Everyone I know that makes less than 50k a year is getting their shit direct deposited to cashapp and using cashapp like it’s their bank. If they go belly up in a financial crash, it’s going to be like the great depression, but only for already poor folk
like the great depression, but only for already poor folk
Battle music plays
You encountered the purpose of Capitalism!
Fight Bag
Vote Run
There being a purpose to capitalism implies that there is some grand plan behind this system. There isn’t.
I think you are so terrified by the idea that the world and it’s economic system are inherently chaotic that you are coming up with entirely irrational attempts at smart-sounding explanations like this one.
This doesn’t mean that there aren’t elites exploiting their favorable position in the current system, including in times of crisis that they caused themselves.
@themurphy@lemmy.ml, did you even read @dharmacurious’ comment or even the article?
Do people store their money in these things? I use Google pay quite often, but it draws the money from the bank at the time of payment
