Still uses the banking system, which is part of Big Finance. Banks can close your accounts if they don't want to give you service for arbitrary reasons.
I think you underestimate the sheer amount of licenses and regulations you have to meet, and how expensive it is.
But let's suppose you're right. You make your own startup bank, you commit to free speech and not fucking over customers. You slowly grow over time until you become successful. Now pray tell, how do you stop the government or Big Finance from using every dirty trick in the book to obliterate you?
Still uses the banking system, which is part of Big Finance. Banks can close your accounts if they don't want to give you service for arbitrary reasons.
Yeah, that's why you start a bank, dummy.
Unless you're aligned with the rich oligarchs or the government (or both) and you have a big pile of startup money, that's not going to happen.
How much money do you think it takes to start up po-dunk neighborhood credit union managed by "that guy who was good in high school football".
Think about it real hard.
I think you underestimate the sheer amount of licenses and regulations you have to meet, and how expensive it is.
But let's suppose you're right. You make your own startup bank, you commit to free speech and not fucking over customers. You slowly grow over time until you become successful. Now pray tell, how do you stop the government or Big Finance from using every dirty trick in the book to obliterate you?
Around $10 million dollars.