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Regulators Create Sandboxes as a Place to Foster Fintech - Bloomberg
U.S. regulatory agencies are starting them. Arizona has one, and other states may follow suit.

Sandbox programs are supposed to be a kind of safe space to allow digital entrepreneurs to test products without regulators breathing down their necks. Governments are willing to stay their regulatory hand because the startups that emerge from such experiments might lead to new jobs and expanded access to financial services. They also provide competition to big banks. There’s even a sandbox for sandboxes: Regulators in 12 countries have agreed to experiment with financial technology across borders.

BOTTOM LINE - The Treasury has proposed sandboxes to encourage innovation in financial technology. But even without them, there’ve been more than 3,300 startups since 2010.
wallstreet  regulation 
yesterday by brycecovert
Documents detail multimillion-dollar ties involving EPA official, secretive industry group - POLITICO
"The nation’s biggest coal-burning power companies paid a top lobbying firm millions of dollars to fight a wide range of Obama-era environmental rules, documents obtained by POLITICO reveal — shortly before one of the firm’s partners became President Donald Trump’s top air pollution regulator.

Now that ex-partner, Bill Wehrum, is aggressively working to undo many of those same regulations at the EPA, where he is an assistant administrator in charge of issues including climate change, smog and power plants’ mercury pollution. "
GOP  EPA  corruption  capitalism  lobbying  regulation  ethics  pollution  environment  coal 
yesterday by conner
How to Be an Anticapitalist Today
Give up the fantasy of smashing capitalism. Capitalism is not smashable, at least if you really want to construct an emancipatory future. You may personally be able to escape capitalism by moving off the grid and minimizing your involvement with the money economy and the market, but this is hardly an attractive option for most people, especially those with children, and certainly has little potential to foster a broader process of social emancipation.

If you are concerned about the lives of others, in one way or another you have to deal with capitalist structures and institutions. Taming and eroding capitalism are the only viable options. You need to participate both in political movements for taming capitalism through public policies and in socioeconomic projects of eroding capitalism through the expansion of emancipatory forms of economic activity.

We must renew an energetic progressive social democracy that not only neutralizes the harms of capitalism but also facilitates initiatives to build real utopias with the potential to erode the dominance of capitalism.
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4 days ago by petej

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