#suitpossum

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Anybody up for some sumo wrestling? pic.twitter.com/lvD2KILJZM

— Brett Scott (@Suitpossum) July 22, 2018

(via http://twitter.com/Suitpossum/status/1021137798940839937)

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I've often heard people say "I don't understand the finance sector because I'm no good at maths'. Finance, though, is not a mathematical science. It's an ancient political artform of convincing people with power to grant money for activities now, in exchange for benefits later

— Brett Scott (@Suitpossum) July 18, 2018

(via http://twitter.com/Suitpossum/status/1019551974138761216)

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The dark side of digital finance: On financial machines, financial robots & financial AI

But, 'human interfaces' are actually quite costly to maintain. People are alive, and thus need food, sick leave, maternity leave and education. They also have a troublesome awareness of exploitation and an unpredictable ability to disobey, defraud, make mistakes or go rogue. Thus, over the years corporate managers have tried to push the power balance in this hybrid model towards the machine side. In their ideal world, bank executives would get rid of as many manual human elements as possible and replace them with software systems moving binary code around on hard drives, a process they refer to as 'digitisation'. Corporate management is fond of digitisation – and other forms of automation – because it is a force for scale, standardisation and efficiency – and in turn lowers costs, leading to enhanced profits.

via http://suitpossum.blogspot.be/2016/03/digital-banking-dark-side.html?m=1

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Brett Scott is a financial campaigner and author of The Heretic’s Guide to Global Finance

Twitter :: @Suitpossum Blog :: suitpossum.blogspot.co.uk/p/the-heretics-guide.html

TTM #9 #metanomadism Saturday 12 October 2013 Lime Wharf #bigpicturedays #bpd4 #bigpix

The Thought Menu is a London based DIY nomadic talk series

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