Exclusive to OpEdNews:
OpEdNews Op Eds

New York Times Takes Aim at Use Cash Movement

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 2   News 2   Valuable 2  
View Ratings | Rate It

opednews.com Headlined to H2 1/22/10

Become a Fan
  (34 fans)
Anyway, most of the roadblocks to offering a cash discount have been created by Big Banking. For example, you're not allowed to put a surcharge on credit and debit card sales. Why? Because it's a law the credit card companies and banks lobbied for even though it's a prima fascia case of restraint of trade.

Next, Lieber rolls out the almighty expert. This time in the form of, oh so, business and supply side friendly University of Chicago philosophy graduate alumni and savvy plastic user Dave Hanson. Who also taught applied ethics at Gonzaga University. My, what impressive credentials as a news source!

Hanson says he's not cutting up his credit cards. No moral hazard here, an "ethics" teacher says it's okay to use credit cards, so it must be okay.

Again, the argument of credit cards non-use as a means of protest with a financial weight behind it is ignored by Lieber.

Lieber seeks to reframe the issue as a "consumer" ethical dilemma.

Hanson states, "The marginal effect of my individual use of plastic simply won't impact the larger outcome."


And there you have it. No individual moral imperative, though that's not the question, because the system blows. The poor get poorer. You're off the hook.

Subtext to Use Cash participants: You can't fight Big Banking. You can't deny them their 3.5% of everything you spend. You can't send a message by telling the credit card companies that their $7 Billion to get you to use an expensive payment system won't work.

Don't organize "Mr. and Ms. Consumer." You can't boycott, you're too small; you don't matter. You can't protest because those few dollars you deny Big Banking everyday are peanuts and nobody will join you.

Small businesses shouldn't bother to offer the money they would otherwise send to Big Banking, which will not loan them a dime, to the people who really matter to them: their customers.

No. Use Cash as a means to an end is hopeless, you stupid little "consumer."

Next Page  1  |  2

 

Chaz Valenza is writer and small business owner in New Jersey. He earned his MBA from New York University's Stern School of Business. His current feature film project is "Single Point Failure" an insider's account of how the Reagan Administration (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

America's 14 Most Ready to Riot Cities

It's Official: Gov Stats Shows the Middle Class is Dead

Top Ten Twitter "so I pepper sprayed him" Jokes

Occupy Wall Street: Day 9 - 200+ Arrested - MSM Finally Wake-up

Three Rules for Living through the Second Depression

Occupy Wall Street Day 8: 100+ Arrested for Peaceful, Legal Protest; Nets & Pepper Spray Used.

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
5 people are discussing this page, with 7 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Is it fair that Financial Institutions take from t... by Anton Grambihler on Friday, Jan 22, 2010 at 12:10:40 PM
And, it's too bad that merchants feel they cannot ... by Chaz Valenza on Friday, Jan 22, 2010 at 12:54:17 PM
As far as I know, our monitary system is the respo... by Roger on Friday, Jan 22, 2010 at 6:50:23 PM
Alternative payment systems are not illegal. Many ... by Chaz Valenza on Friday, Jan 22, 2010 at 7:12:08 PM
So I'm a bit confused. Its illegal to have a surch... by Starbuck on Friday, Jan 22, 2010 at 8:38:05 PM
The premise of Use Cash is to work with what we ha... by Chaz Valenza on Saturday, Jan 23, 2010 at 10:55:59 AM
When my son and daughter-in-law ran up $40,000 of ... by Bryna Hellmann on Sunday, Jan 24, 2010 at 5:32:57 AM