Robinhood Is A Perfect Example Of Fintech's Insidious Power

All the debates over ‘fintech,’ once you get beyond the scams and the hype, are really a debate about the future of money. The recent rise of ‘fintech’ is just the latest saga in a centuries-old struggle between democratic accountability & unaccountable private power, with the latter hiding behind promises of technological innovation.

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Greg FordeComment
DeSantis Gave Son Of Billionaire Trump Buddy Millions In No-Bid COVID Contracts

… The company was chosen without the competitive solicitation process that state law normally requires for such large contracts. Both no-bid COVID contracts are listed in the state’s contract database as among Florida’s numerous “emergency purchases” per an emergency executive order from Republican DeSantis that allows state agencies to suspend normal purchasing regulations.

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Greg FordeComment
Top Hospitals Charging Patients Up To 1,800% More for Services Than They Actually Cost: study

The markups have resulted in hospital profits skyrocketing by 411% from 1999 to 2017, hitting a record $88 billion. The rise in charges coincides with growing hospital mergers and acquisitions by large systems. The result is increased market consolidation, which leads to higher profits and increased charges, not savings for patients as hospital systems often claim.

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Greg FordeComment