this post was submitted on 19 Sep 2023
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Do you think banks should exist?
Sure, central national banks that are publicly owned should exist.
What about Credit Unions? They’re cooperatives owned by the members. Despite not having a handful of shareholders collecting profits, they’re usually not that much different than dealing with a bank. Services and rates are usually pretty comparable.
I think credit unions are fine, and I'd treat them as a form of public ownership since they are cooperatively owned.