In other news: water is wet, and the only good kind of fascist is a dead fascist.

Is this message sponsored by Philip-Morris International by any chance?

But they earned that money. /s

Nah, just a TI-84 and teach them programming in BASIC

But it can be sold as good enough to credulous management, thereby still doing damage by getting people laid off in the short term.

There’s this famous quote about investing which goes: “the market can remain irrational longer than you can remain solvent”. I think that equally holds for the labor market. Just because you and everyone around you knows your job can’t be replaced by AI, doesn’t mean there won’t be an attempt to replace you which lasts long enough for you to lose your house.

Those are owned by the major banks, European banks, sure, but still private. Payment systems like these operate like private tax collection, levying a regressive tax on all transactions which flow through them. That’s from transaction fees which exceed the cost of processing said transaction.

I would much rather have a state-owned payment processor, which operates at cost, or is even completely funded by taxes. The extra tax revenue that would generate from increased economic activity would far outweigh its cost.