this post was submitted on 04 Dec 2024
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A cost of cash conversation. Trying to cover the ever increasing cost per traansactiin for the small nunber of cash transactiins and possibly preempt the RBA stopping them milking so much from credit/debit fees where they can recover costs
As to being money hungry we're in a neo liberal, capatilist economic system. They're supposed to be money hungry, it's how we incentivise. If you want more government oversite, or government institutions competing, you'll need to stop voting LNP or ALP and start voting Green. Until then, more of the same. Less competition and more enshitifaction is the only outcome possible as this continues..