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by rsynnott
227 days ago
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It doesn't seem like _that_ bonkers an idea? It'd be a trial, and, well, if they can't compete, they can't compete. And if they _can_ compete, then they will drive down prices. People probably thought the UK's state-owned bank was a bit bonkers at the time (https://en.wikipedia.org/wiki/Girobank) but it _worked_; it forced private banks to expand access and to modernise. And then eventually it couldn't compete. But it's hard to consider it as anything other than a success. (This is all assuming that NYC supermarkets have a competition problem in the first place, though. Never been to NYC, so wouldn't know.) |
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