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Re: Air America!

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On 08/06/2016 08:42, rantingrickjohnson@gmail.com wrote:
> On Sunday, June 5, 2016 at 4:12:23 AM UTC-5, Alex W. wrote:
>> And I had already mentioned the ease: hawala only requires a couple of
>> phone calls.  Using a hawaladar, you could send money to a friend in
>> Dubai or Delhi in the time it takes to make two phone calls.  Try doing
>> that with a multi-national bank.  FWIW, I use the international banking
>> system on a regular basis, and let me tell you, it's neither that easy
>> nor that cheap and it is anything but fast.
>
> Did you ever stop to think *WHY*?
>

Established systems are incredibly hard to reform and revolutionise, 
especially in a global context.  The current system is still based on 
the original, developed in the days of the telegraph.

Another massive factor is the reluctance of the banks to invest in their 
infrastructure.  Decades-old legacy computing systems are still widely 
used for all this boring crap that doesn't earn any money.

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Re: Air America! rantingrickjohnson@gmail.com - 2016-06-07 15:42 -0700
  Re: Air America! "Alex W." <ingilt@yahoo.co.uk> - 2016-06-08 11:38 +1000

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