Private Money with Stefan Eich
The Dig
00:00
The Democratization of Finance
The idea of a kind of the democratization of finance, to use that term that's floating around here, is to move from exclusion to inclusion. Hit so households who hare previously excluded are now explicitly included in this realm of credit creation. And as a result, this is something that the democratic party also embraces. It's more like what kenga yamata taylor calls predatory inclusion. Exactly that's exactly what we're witnessing here, its inclusion, but on an unequal and, infact, predatory footing.
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